Well, in this technical analysis we have all news. Look: If you trade in H1 timeframe, I see a lot of bullish divergence what the price have force to continue up. So, it's basically important for us.
We have a large bullish rising wedge in H4 timeframe and it's so beautiful this chartist pattern. Now, there are a highly possibility to see a GBP so bullish in the next days, and now, fi you kept this position in long, I make sure you that you have all possibility for longer in this position only put in long posiiton. Because we are soon that GBP/USD is break up the rising wedge and we now completely the elliot wave correction E.
Now, making a see we appreciate an armonic pattern ABCD and that is an bullish indication + MACD bullish divergence.
Now, above of these screenshoot we see a nice structure so bullish for the next days that maybe it's could be extent from 1 week with few days to reach the $1.27 USD.
Also, I add 3 targets in the price label for see!!!
Now, as I make this operation in H4 timeframe I put a Target Profit near of 400 pips and a SL of 64 pips. Well my buy order limit is in the $1,2276 USD
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But more important that is to hope confirmation of price action. That is the key of success!!!
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Wow sterling is up today a lot, so it's reccomendaly for you to put a break even in the entry price, you dont loss or earn, but you earn 0 pips to protect this position for longer!!!