GBPUSD has been recovering slowly since the flash crash and presenting opportunities like this GBPUSD live trade, to buy.
If you have been following our GBPUSD posts, you would have seen an analysis where a new potential support was identified. This post is another follow up demonstrating a live trade and a brief look into the decision making process.
We anticipated that price would retrace to the support following the initial break up. There was an immediate a surge in demand at the support and higher lows were formed. A long position was feasible at the top of the range that was formed in anticipation for another break up in price.
For more live trades click here.