Fxprotrader
Long

GBPUSD: Buy Opportunity At Key Level

FX:GBPUSD   British Pound / U.S. Dollar
1215 3 40
Price has been rejected at the lower parallel of a median line (upslope) where we also have previous structure and the 0.618 fib retracement of previous upmove move. That's a great level to go long with sl and tp as shown at the chart.

Comment: For those who missed this entry... Price has from the lower parallel breaking above the previous downtrend. It's now in a correction heading to the lower parallel once again. Watch for a buy setup at this level and go long with potential tp the median line.
Comment: With price at 2:1 in profit it's a nice idea to move sl at breakeven for a risk free trade
Trade closed manually: Stucture changes, i close this trade with ~ 210 pips profit
Comment: *structure
what kind of fork is that?
Reply
@rist, schiff
Reply
nice chart friend. But I have not seen strong stranding to buy now. I am waiting price going to R1 ( 1.2475 ).
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