Published an idea earlier to buy GBPUSD after forming the tip of a possible inverse head and shoulders pattern. As mentioned, we now plan to long GBPUSD. After taking profit of 100 pips from the last short call, we will now take a long position.
Here is another that explains my bullish bias: price has a short-term bearish channel and we have hit the lower trendline of the channel and bounced. 1-hour chart candle stick closed showing a tweezer bottom (reversal candle stick). And there is a bullish MACD divergence as shown on the chart.
We now look to buy GBPUSD:
ENTRY: 1.2950-60
SL: 1.2930
TP: 1.30, 1.3040
FOLLOW AT YOUR OWN RISK.
Here is another that explains my bullish bias: price has a short-term bearish channel and we have hit the lower trendline of the channel and bounced. 1-hour chart candle stick closed showing a tweezer bottom (reversal candle stick). And there is a bullish MACD divergence as shown on the chart.
We now look to buy GBPUSD:
ENTRY: 1.2950-60
SL: 1.2930
TP: 1.30, 1.3040
FOLLOW AT YOUR OWN RISK.
Comment:
+30 pips. Manage your trade accordingly.
Comment:
TP1 hit. You can close some positions now while waiting for the second TP to hit. Move SL to breakeven.
