GBPUSD buy setup
- DXY potential reversal with weekly high created (ideally let it break below 93.224, which mean there's still small risk)
- if I'm correct, GBP will have a weak move to pulldown the price for GBPUSD retracement before total up move
- eye on level 1.37320 or below, look for buy setup there for better risk reward
- mid term target is the above structure high at around 1.38500 - 1.39000
- the next potential higher aim is towards 1.40000 and above (but will have to keep track the price action form for further confirmation by then)
Note:
I wouldnt be able to post instant update or setup while I'm managing and tracking the price action ...
cause most of the decision made are in 1m/5m actions, therefore the charts posted sometimes might already in the move.
- DXY potential reversal with weekly high created (ideally let it break below 93.224, which mean there's still small risk)
- if I'm correct, GBP will have a weak move to pulldown the price for GBPUSD retracement before total up move
- eye on level 1.37320 or below, look for buy setup there for better risk reward
- mid term target is the above structure high at around 1.38500 - 1.39000
- the next potential higher aim is towards 1.40000 and above (but will have to keep track the price action form for further confirmation by then)
Note:
I wouldnt be able to post instant update or setup while I'm managing and tracking the price action ...
cause most of the decision made are in 1m/5m actions, therefore the charts posted sometimes might already in the move.
Note
DXY break below 93.224Expect 93.437 as weekly high
Look for GBPUSD buy for now
Note
In the tradeNote
Took partial profit, profit locked, risk free tradeNote
Take full profit at 1.38800.Trade closed
Note
TP hit anyway
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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.
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.