Trade77; GBPUSD Rhythmic Price Action 7am

Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.

Cable has acted greatly to the four hour rhythm which I mentioned three weeks ago in the weekly report. Yesterday we had a long signal on GBPUSD from 1.6148 and now we are currently +90pips in profit.

Let’s see the H4 chart:

We can see the behaviour of the price with 200EMA/High and again it bounced off this moving average with so many shadows around it. Also we have got a channel in that timeframe and it would be good to pay attention on 1.6300 and upper bond of the channel for our profit targets.

Check out Trade77 live signals here

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Kindest Regards

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