GBPUSD Long Trade Idea
Updated
Earlier this week I posted the GU short term short trade idea for the corrective move after last week's 5 wave leading diagonal
impulse move. With the fail to successfully retest the neckline of the double top formed within the leading diagonal, this is a
confirmation signal to me that the correction has been completed and now a continuation of the uptrend is nigh. Price
also appears to be traveling within a bullish channel, also encouraging looking for long opportunities.
If you enjoy this post do let me know below in the comments or the likes section.
Targets:
1.29000
1.30000
These targets are projected as possible third wave ending levels. It will be interesting to see how this plays out.
impulse move. With the fail to successfully retest the neckline of the double top formed within the leading diagonal, this is a
confirmation signal to me that the correction has been completed and now a continuation of the uptrend is nigh. Price
also appears to be traveling within a bullish channel, also encouraging looking for long opportunities.
If you enjoy this post do let me know below in the comments or the likes section.
Targets:
1.29000
1.30000
These targets are projected as possible third wave ending levels. It will be interesting to see how this plays out.
Trade active
Pending order triggered
Note
SL placed below invalidation level
Note
Moved SL to break even
Trade closed: target reached
Target 1 reached
Related publications
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.