GBP Buy/Long Serup (15M)

Sep 2

After a bearish trend, price has reached a relatively strong support level. Considering the strong bullish CHoCH that has formed and the previous wave high being swept, we can look for a buy setup.

We have two entry points, and we will enter using a DCA strategy.

Targets are marked on the chart. Move your stop loss to break-even at the first target.

A daily candle close below the invalidation level will invalidate this analysis.

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Do you think GBPUSD is bullish?

Sep 2

Trade active

Target 1 has been hit! We’ll keep printing those dollars for you. Stay with us!

Sep 3

Trade closed: target reached

The second target was hit as well, and we closed this position with a 1:2 risk-to-reward ratio.