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Sep 8, 2021 10:43 AM

GBPUSD Bullish Trend Resumes Above 1.3800 Long

GBP/USDOANDA

Description


Daily Chart: The GBPUSD has been one of my long-term pairs, the Daily chart is still bullish, we have seen the correction of the HH Last Action which retraced very deep. Price again rallied to give us wave one of the WOS. Now the correction is trading at 50%.
4Hr Chart: The trend is up price has retraced nicely with a clean corrective wave down without breaking below the structure.
5mins Chart: Three trend-changing patterns followed by a manipulation wave which ended with Market Structure Reversal Setup.

Long: 1.37690
Stop Loss: 1.3748
Long Confirmation: 1.3800
Intraday Target: 1.3856

Trade active

1.37690 Break Up

Trade closed: stop reached

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