Looking to long GBPUSD if price reaches any of the blue arrows.
Trend line and supports act as double confirmation.
Blue lines are 38% and 23% levels on the fib if drawn.
Also considering momentum and candle formations around entry spots before entering.
Trend line and supports act as double confirmation.
Blue lines are 38% and 23% levels on the fib if drawn.
Also considering momentum and candle formations around entry spots before entering.
Note
Price broke higher and will not have an opportunity to approach the target areas as previously anticipated. Price may comeback to those zones in the future. An updated analysis will be done and posted if there is more opportunity spotted.
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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.
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.