GBPUSD Long on H1
Possible Long opportunity on GBPUSD H1.
Currently testing strongly the S1 and trendline levels, with RSI very oversold. Seeing deceleration on M30 towards support.
Short term long potential depending on candle close would be to target 382 fib.
Currently testing strongly the S1 and trendline levels, with RSI very oversold. Seeing deceleration on M30 towards support.
Short term long potential depending on candle close would be to target 382 fib.
Trade active
Executing this position now but on tight SL (2:1 RR) due to the risk of further push to the downside. Targeting just below 382 fib.Note
Now seeing a strong reversal candle on the M30.Note
Believe there to be more upside on this pair at the moment so staying in the trade. Possibility that previous trendline of support will form resistance, but shorter timescales have broken this upwards now.If trend broken back downwards will exit the trade for a small profit, but still targeting the 382 at the moment. I have trailed my stop loss in.
Trade closed: target reached
Profit taken :)
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