GBPUSD Taking buy opportunity in the retracement

FX:GBPUSD   British Pound / U.S. Dollar
52 0
Hi Traders,

I found some buying opportunity in this pair according to my rule.
Reason are:
- Less and less volume in downmove
- chart pattern shows ABC wave retracement

In my point of view there are 3 possible target or exit point, anyway this is truly depend on your trading
strategy and rules. please feel free to use your own entry and exit rule.
breaking the pattern to the upside will trigger my buy pending order, if the chart breaking to the downside,
I will check again and do redrawing again.

Good Luck and Trade Wisely
Comment: Target 1 hit. closed half of my position. and adjust my stop loss
Comment: Already reached Target 2. for me I will closed all my trade since i already got quite good reward out of it. if you want to continue to target 3 is up to your strategy.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out