GBPUSD Buy Setup

GBPUSD buy setup is ready anytime from now
but ideal entry will be at 1.37300 or slightly below

- 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)

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Just for info, the above setup entry wouldnt be my definite buy level for now,
it was just a initial ideal for the general setup view,
I will keep tracking on the latest price action for more refine entry with better risk reward or sometimes will walk away if condition not right

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Tips:

For this case, DXY playing a very important part in this setup,
should hold the buy if DXY keep trending up

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In the trade, SL moved to break even

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Out with break even and reentered again

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Though there's small risk ... but the buy setup still valid.
If it fail to hold, look for buy again from level below around 1.37300

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Trade closed with break even, it wont go far due to DXY for now
Will see if there's better setup given in New York session

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Follow me closely on this trade, I will try to use this example to show you see how I read the market price action and react accordingly.

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In the trade

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Collapsed the trade with break even,
New York market session end,
market lack of liquidity,
not the momentum I want.

Look for the setup again tomorrow.

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GBP still have potential strong move but need DXY for confirmation before I go in again... but for now, consider EURGBP sell for better consideration until I see DXY reversal

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Latest GBPUSD setup posted
Please refer to the new post
this post will be end here... thanks for interested in my works if you follow up to now :)

Vincent-DA

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Vincent-DA

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