GBPUSD Low Risk High Reward Buy Trade Setup
As price is declining to test the area for Demand, we shall wait for a candle reversal stick pattern before an entry. Min Risk to Reward is 1:3. SL below Demand Zone.
Note
Price broke through the demand zone creating a fakeout at the level. Watch for the major Demand Area below for possible buy entry. If that demand is broken, I am looking only to sell this currency pair for now.
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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.