GBPUSD LONG
Price has reached an area at which I expect growth from.
I anticipate price to bounce off the daily upward trendline for a buying opportunity, albeit there's still heavy bearish momentum.
Price has reached also an important area of support from which a buying opportunity is highly probable. Confirmation of candlestick patterns should give signal to enter.
Risk- reward ratio of 1: 6.78
SL: 1.23779 (-39 pip risk)
TP1: 1. 25027
TP2: 1.25992
TP3: 1.26812
Let me know what your thoughts or analysis are on this pair as this should be an interesting setup with lots of pips for the taking :)
I anticipate price to bounce off the daily upward trendline for a buying opportunity, albeit there's still heavy bearish momentum.
Price has reached also an important area of support from which a buying opportunity is highly probable. Confirmation of candlestick patterns should give signal to enter.
Risk- reward ratio of 1: 6.78
SL: 1.23779 (-39 pip risk)
TP1: 1. 25027
TP2: 1.25992
TP3: 1.26812
Let me know what your thoughts or analysis are on this pair as this should be an interesting setup with lots of pips for the taking :)
Trade active
Entered @ 1.24180I will look for more opportunities to enter at the completion of the retest.
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