Possible double bottom in GBPUSD
The pair has now retested earlier bottom around 1.6160 and so far we have noticed a possible bounce from support level, as we see a doji and a fake breakout on the downside in 4H chart.
In that matter a long entry from these levels should give us a fair risk/reward, as our target is earlier tops around 1.65, while the stop should be executed if the pair closes below 1.6150 on daily basis.
In that matter a long entry from these levels should give us a fair risk/reward, as our target is earlier tops around 1.65, while the stop should be executed if the pair closes below 1.6150 on daily basis.
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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.