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British Pound / U.S. Dollar
Long

Trade idea - GBPUSD Long

By Pipjager
Updated
1H

Corrective approach towards entry zone.
Market moving in descending channel towards entry zone. Bears getting tired.

-68 Fibonacci completion aligning with entry zone.

= Buy limit.

1% risk.
Note
MONTHLY

Inverse head & shoulders pattern potentially in play.

Clear support & resistance zone is there.

Market currently sitting around the Highs. Keep in mind.

snapshot
Note
WEEKLY

Clear support & resistance zone is there, rejecting the 38.20 Fibonacci level.

Marketing sitting on Highs as well. Keep in mind.

snapshot
Note
DAILY

Bullish impulse / break of structure: indication.

Inverse head & shoulders pattern: confirmation.

Clear support & resistance zone is there.

snapshot
Trade active
Involved.
Note
Running risk free.
Trade closed: stop reached
Out at break even. On to the next.
Chart PatternsForexforextradingGBPUSDgbpusdlongnakedchartsupplyandemandzonessupportandresistancezonesswingtradingTechnical AnalysisTrend Analysis
Pipjager

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