Buy Setup on GBPUSD
Update on GbpUsd, even though we didn't get an initial bullish rejection from the level I outlined yesterday this doesn't mean the buy setup is completely canceled. On the lower timeframes, it looks as if price dipped below the level to gain support at a non-horizontal support level. Once price rejected off of this level, it bounced above the support level that was of focus yesterday. If price could retrace back to this level, I'll be looking to see how price reacts before thinking of longs.
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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.