Trade idea - GBPUSD Long
1H
Corrective approach towards entry zone.
Market moving in descending channel towards entry zone. Bears getting tired.
-68 Fibonacci completion aligning with entry zone.
= Buy limit.
1% risk.
Corrective approach towards entry zone.
Market moving in descending channel towards entry zone. Bears getting tired.
-68 Fibonacci completion aligning with entry zone.
= Buy limit.
1% risk.
Note
MONTHLYInverse head & shoulders pattern potentially in play.
Clear support & resistance zone is there.
Market currently sitting around the Highs. Keep in mind.
Note
WEEKLYClear support & resistance zone is there, rejecting the 38.20 Fibonacci level.
Marketing sitting on Highs as well. Keep in mind.
Note
DAILYBullish impulse / break of structure: indication.
Inverse head & shoulders pattern: confirmation.
Clear support & resistance zone is there.
Trade active
Involved.Note
Running risk free.Trade closed: stop reached
Out at break even. On to the next.
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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.