Forex

GBP/USD

Hello traders. Hm…I have one good and one bad news today. The bad news is, that price on cable missed my offers yesterday just for 5 pips before exploded higher and higher. After this it was really hard to watch this move up, however I am through with it. And the good news is, that I had another plan for this trade, so I went long after the breakout the upper trend line at 1,9840 an closed it in 2 hours with 110 pips of profit. After this move up price retraced to 38,2% of wave III and made correction in wave 4, I should jumped in again at this level to catch wave V. Unfortunately I wasn't at my trading desk. So, right now I am doing nothing, I will just watching it and wait for more data. I would like too see retricement in wave 2, somewhere around previous resistance line, which became significant support level that should move price much higher, in to the wave 3. I will watching on this moments and will let you know at the right time.