REGUAR BULLISH DIVERGENCE SPOTTED ON GBPUSD
Updated
https://www.tradingview.com/x/0ASgVabu/Hello traders, it has been a long time writing here. Despite the Worldwide Inflation leading to appreciation of USD, A Regular Bullish Divergence has been formed on GBPUSD H4 and H1 Timeframe which could indicate the end of the downtrend and beginning of an uptrend.
Thus, I will suggest traders looking for long opportunities on the Pair.
entry point might be anywhere closer to the resent low and SL placed around the support level while TP can be adjusted depending on market sentiment and the trader
Recommendation
Entry: 1.26760
SL: 1.26450
TP: 1.27944
R:R:R = 1:3.82
Thus, I will suggest traders looking for long opportunities on the Pair.
entry point might be anywhere closer to the resent low and SL placed around the support level while TP can be adjusted depending on market sentiment and the trader
Recommendation
Entry: 1.26760
SL: 1.26450
TP: 1.27944
R:R:R = 1:3.82
Note
trade running with profitsTrade closed: target reached
TRADE CLOSED WITH 73 PIPS....
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