Potential for GBPUSD to bounce from the support zone at 1.31. Lots of price reactions at this zone and we also have the daily S2 level here.
Targeting the 15min / 1hr bearish trendline which is a simple and nice 2:1 RR
Targeting the 15min / 1hr bearish trendline which is a simple and nice 2:1 RR
Trade active
Entered long on the 2nd rejection of 1.31Trade closed: target reached
Almost instantly. Price popped to target of 50pips
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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.