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Gbpusdbullishsetup

GBPUSD Short Term Buy IdeaM15 - Strong bullish momentum No opposite signs Expecting retraces and further continuation higher until the two Fibonacci support zones hold. If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 -------------------------------------------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VladimirRibakov
GBPUSD Setting up for a big bounce...We have lots of factors going on here, after a rally in one direction (down) especially a sharp one like we've seen this week we would expect a return rally... Confluence of support and weekly trend line makes this a great area for a trade, we have divergence on the RSI and increased volume through the ATR... I've taken one risky trade as it gave me a 10:1 which I'm happy to take after a good week, I've also takena more conservative trade set up as a stop order buy... You may want to wait for a green candle confirmation with an open and close above, bullish pinbar or engulfing pattern to occur and there's potential for a double bottom here too... I'm only interested in buy trades, would only look for a sell if we break and close below support and trend line then come back up to retest support turned resistance... Side note, if we see a false break here then close back above support this trade will absolutely FLY!
Long
by chris_ford