GBPUSD Buy Idea
Gu has found equilibrium in this consolidation zones and buyers are looking for their positions in this area. Sell candles are getting shorter and are wicking out showing that sellers are weakening in the market and we are also approaching an institutional level at the 200. I will be looking to take your entry from the 200 up to the 700 for a total of 50 pips. Per our trading plan we will be using a 3:1 RR Ratio for this trade.
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