If you're looking for a buying opportunity on GBPUSD like I am, there’s an exciting setup to keep an eye on.
Current Overview:
4-Hourly Chart:
- There’s a Bullish Shark Pattern nearing completion, which is a great setup for a potential buy.
Buying Opportunity:
Bullish Shark Pattern Completion:
- Key Level: 1.2807
- What to Do: Wait for the Bullish Shark Pattern to complete at 1.2807.
Strategy:
1. Magic Candle Confirmation: This is crucial! Wait for the Magic Candle Confirmation at 1.2807 before entering a long position. It increases the chances of a successful trade.
2. Stop-Loss: Include our stop-loss buffer just below the pattern completion level to manage risk.
Final Thoughts:
Trading the Bullish Shark Pattern can be highly rewarding if executed properly. Stay patient and wait for the confirmation before jumping in.
Are you planning to trade GBPUSD? Do you have any additional insights or strategies? Share your thoughts and strategies below!
Happy trading, everyone! 🚀
Current Overview:
4-Hourly Chart:
- There’s a Bullish Shark Pattern nearing completion, which is a great setup for a potential buy.
Buying Opportunity:
Bullish Shark Pattern Completion:
- Key Level: 1.2807
- What to Do: Wait for the Bullish Shark Pattern to complete at 1.2807.
Strategy:
1. Magic Candle Confirmation: This is crucial! Wait for the Magic Candle Confirmation at 1.2807 before entering a long position. It increases the chances of a successful trade.
2. Stop-Loss: Include our stop-loss buffer just below the pattern completion level to manage risk.
Final Thoughts:
Trading the Bullish Shark Pattern can be highly rewarding if executed properly. Stay patient and wait for the confirmation before jumping in.
Are you planning to trade GBPUSD? Do you have any additional insights or strategies? Share your thoughts and strategies below!
Happy trading, everyone! 🚀
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🏦 Qualify Junior Analyst within 90days
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Live session & Trading Tips on the GO
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.