First Trade of the day

I'm still looking for a direction to post my 1st trade of the day for the Cable and GreenBlack (GBP/USD)

As the market seems to be bullish near to the end of yesterday US session, the overnight seems to me like having a small continuation of yesterday trend after the pair reaching the new high of this week session. 


I am pretty sure the continued of Bearish trend on GBP USD before the Europe Open. Small retracement might be happened but for now, I will just stay on the side road and waiting for a confirmation of the trend right on the European open session which is 2 - 3 hours from this post posted. 

As for this snapshot, the price is now testing 23.6 of Fibo retracement from the new high yesterday session. 


I am targetting for at least the price to move for at least 38.2% of fibo retracement IF ONLY THE CANDLE MADE the breakthrough on 23.6%. 


If it failed, I would just say during the European open, I will be more bias toward the Long bias right before the announcement of CPI which scheduled at 1230 GMT.


Thats all for now. Happy hunting .. Happy trading ...