GBP/USD price chart from Bearish Trend entered Accumulation phase. After Accumulation phase it is now making upwards move. Since HH and HL are establishing nicely without any Bearish Divergence on RSI, therefore Entry for LONG Trade is in order.
Entry (Buy Limit): 1.27290
Stop Loss: 1.27000
TP1: 1.27600 (Risk Reward 1:1)
TP2: 1.27850 (Risk Reward 1:2)
Entry (Buy Limit): 1.27290
Stop Loss: 1.27000
TP1: 1.27600 (Risk Reward 1:1)
TP2: 1.27850 (Risk Reward 1:2)
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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.