Good evening, dear traders! I bring to your attention a trading idea for the GBP/USD pair.
Let me remind you that we hunted for the level of 1.3070 last week as part of the Hunting for Feet system.
To date, the pair has stopped at around the level of 1.2930, forming the so-called. figure "triangle" on a daily scale.
I'll tell you a little secret. In fact, no one knows where this triangle can be traded, but if it is traded through longs, this will allow the pair to work out the Absorption model with the first target with a round level of 1.29 and then take the main target of 1.3070, which is the current price that will make the passage to 1400p.
A full breakdown of yesterday's low of 1.2880 and 1.28500 will cancel the long scenario.
This is a very realistic scenario against the background of a careful recovery of major currencies.
Have a successful trading and control the risks!
The material has been provided by InstaForex Company - www.instaforex.com