GBPUSD, 4hr tf, 4R buy setup
I think we're going to see GBPUSD continue rise towards 1.4040.
Price right now on the process of wave-V but this movement could be break down into smaller waves.
This might be confusing for some people.
Too make it short, i will buy this pair with only small stop loss. This setup offering a nice 4R setup.
Buy GBPUSD 1.3940
Stop loss 1.3915
Take profit 1.4040 (4R)
Use only 1-2% risk
Good luck
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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.