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GBPUSD H1: IHS Bulls Best Level to BUY/SHORT TP +100 (SL/TP/NEW)

Long
FX:GBPUSD   British Pound / U.S. Dollar
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GBPUSD H1: IHS Bulls Best Level to BUY/SHORT TP +100 (SL/TP/NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because I expect more gains.


🔸 Summary and potential trade setup
::: GBPUSD 1hour/candle chart review
::: strong bullish chart IHS in progress
::: still a speculative setup now
::: higher risk strat: BUY DIPS TP 4010 +90 pips
::: currently not the best spot to trade though
::: two primary options: SHORT from 4010 TP +130 pips
::: bulls should wait for IHS neckline re-test then pullback
::: and focus on buying low later once pattern is validated
::: based on mid-term outlook
::: expecting more gain in GBPUSD
::: recommend strategy: SHORT 4010 SL 30 TP +130 pips
::: recommended strategy: SHORT/HOLD from NECKLINE
::: TP1 +70 TP2 +130 pips
::: good luck traders
🔸 Supply/Demand Zones
::: 3800 fresh demand zone
::: 4010 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/PULLBACK
::: Sentiment outlook mid-term: BULLS

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Always limit your leverage and use tight stop loss.

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