GBPUSD - Macro Long!
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 GBPUSD has been overall bullish from a long-term perspective, trading within the rising channel in green.
Currently, GBPUSD is in a correction phase, trading within the falling red channel.
Moreover, the 1.255 - 1.6 zone is a strong support
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the support zone and lower green trendline.
📚 As per my trading style:
As GBPUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
📈 GBPUSD has been overall bullish from a long-term perspective, trading within the rising channel in green.
Currently, GBPUSD is in a correction phase, trading within the falling red channel.
Moreover, the 1.255 - 1.6 zone is a strong support
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the support zone and lower green trendline.
📚 As per my trading style:
As GBPUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
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instagram.com/richthesignalyst
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cutt.ly/TickmillReal
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RichTL.com
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Best Crypto Exchange
coincall.com/r/thesignalyst
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