The Market Ranger - Why I Entered a "Buy" Trade for British Pound vs. USD

GBPUSD is showing a potential signal today, 5th June 2017.

These are the Specific reasons why I Traded GBP:

1. Trend - There as obvious uptrend happening for the past 1 month in the GBPUSD market. Price broke the Resistance Level 1.2551 and 1.27620 which the 2nd step of the Ladder.

2. Key Level - 1.2551 and 1.27620 are two key levels (support zones)) if GBP market as for now where we can see price obviously bounces.

3. Price-Action - There is a formation of INSIDE BAR- FAKEY PIN BAR COMBO! This formation at Key Level signals a strong price rejection and may surge high looking for a new resistance level for the uptrend.

2-3 Confluence is a great basis for a HIGH-PROBABILITY Trade and this is the trade that we look for! Waiting for a Set-up like this requires superb Patience which is one WEAPON of a Forex Trader.

Have an Awesome Day TRADERS!!;-)