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Gbpusdbuy

GBPUSD, 4hr tf, double bottom reach 1st targetHello my friends, On April 9th i saw a potential double bottom of GBPUSD mirrorring XAUUSD chart movement. I posted about my buy position and stop loss. Two weeks later and price has reached our first take profit. For those who missed this chance, i am gonna share my second plan for buying GBPUSD. I think we will see some retracement first before continue going up in this pair. I will wait for price to retrace towards 1.3850-70 area to initiate buy order. Buy GBPUSD 1.3855 Stop loss 1.3800 Take profit 1.4040 (3.3R) Use only 1-2% risk Good luck
Long
by HayatoDragonFX
GBPUSD ForecastGBPUSD Forecast Initially was anticipated for the down move towards the weekly low with the potential reversal level at 1.39000 But couldn't have the confirmation with DXY move and even GBP Currently the structure is unveiling with the GBP up move is still holding a strong momentum to the upside Structurally GBPUSD hasn't change the direction in the bigger time frame to the upside But the time factor aspect, It seem choose to go without any pullback retracement If the analysis correct, GBP will keep going strong this week. Expect GBPUSD to reach level 1.41000 for now if the price action maintain and closed above level 1.39300 in next 2 hours Will relook into the structure again by then cause potentially it can go one more big down to break the weekly low before total up move All the best and trade with care !
Long
by DA-WaveTrader
4
GBPUSD, 8hr tf, double bottom pattern mirrorring XAUUSDHello my friends, Another trade ideas for today is GBPUSD pair. As you can see GBPUSD chart looks exactly like XAUUSD. XAUUSD has rallied for 750 pips in the last 2 weeks after hitting 1680 area twice. I still think we could see further rally in XAUSD as the measured objective of XAUUSD pattern is around 1830. In my opinion, we could see the same movement in GBPUSD and it is very worth to try buying it as well. We might see double bottom at GBPUSD as well after price touching 1.3670 area for the second time. The measured objective of GBPUSD double bottom should be at 1.4160-70 area Buy GBPUSD 1.3720 Stop loss 1.3650 Take profit 1 at 1.3990 (3.8R) Take profit 2 at 1.4160 (6.2R) Use only 1-2% risk Good luck
Long
by HayatoDragonFX
2