GBPUSD Long Update
GBPUSD looks to be starting a small reversal to return to the extreme of the leg on the daily chart.
I want to see the 4h LH broken before price moves back down to our entry levels breaking the double bottom that's almost formed on the hourly.
Trading opportunities will be:
Long entries are 10:1 and 14:1 making this a very high reward trade opportunity.
Follow for more updates.
I want to see the 4h LH broken before price moves back down to our entry levels breaking the double bottom that's almost formed on the hourly.
Trading opportunities will be:
- Long trades targeting the 2 1h POI zones above 4h LH (these are higher risk trades).
- Short trades after the 4h LH has been broken to the long trade entry zone.
- 2 long entries.
Long entries are 10:1 and 14:1 making this a very high reward trade opportunity.
Follow for more updates.
Note
Long entry opportunity on the 5m chart with the 17:55 candle being the entry zone. Target is new high above 15:00 candle on the 1h chart. Trade is 5.22:1.
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