GBPUSD LONG [DAY TRADING STRATEGY]
Updated
GBPUSDH1: We can see there is a inverted head and shoulder formation (the blue colored zone). Potential reversal might occurs. So, I will target price might rally for a while before return back to its downtrend movement.
Target entry:
Buy limit @ 1.2985 - 1.2995
SL @ 1.2945 - 1.2950
TP 1.3050
Trade At Your Own Risk
Trade closed: stop reached
Price broke lower and hit my SL. Now is not a good time to long first.
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