GBPUSD: Solid Level To Watch For Longs

FX:GBPUSD   British Pound/U.S. Dollar
1536 11 59
Hello guys..! Basically this post is quite similar with my previous on GBPUSD             and although i hate spamming i thought i should create a new one to have everything in place. Price is clearly in an uptrend making HH and HL, and it's now testing a level where any buy setup completion (based in our strategy) would be a good opportunity. AT the level we have the broken downtrend now acting as a support level , the slide parallel of a valid upslope median line , previous structure and the 0.618 fib retracement level of previous impulsive wave. We have too many factors to go long. But first we should wait for a setup to complete.

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Thanks for sharing!

You just make me feel more confident in what i was thinking too in this pair :)

Fxprotrader Abozahra
Great to know.. Thanks for sharing :)

Top analysis ! I agree with you
+1 Reply
Fxprotrader PriceActionPmlani
Thank you :)
will go 1.321 and retrace 1.329. then go down to 1.3, that's my thoughts
Fxprotrader Calamity
Thanks for sharing :)

Im long Gbp/Usd

There is the reasoning..
Hi Master,

I think it will try to test the 1.32000 round number before deciding what to do. Infact at 1.32100 there is fibonacci 0.618 but I think the bears will not let it before testing the 1.32000 round number.
At first I was thinking the same thing but the retracement is too steep and has lower highs throughout. Even the MACD went negative, you'll most likely see a small bounce that will get sold into.
Relying on the old Andrews pitchfork again, ouch.
Last time you were officially warned from the moderators for being a troll, right? I am reporting again and who knows, you may banned for life and after you won't have time to troll you may sit and search that andrews pitchfork was developed based on Marachel' median line, and that a buy or a sell zone doesn't mean that we enter the market. Coz a setup is needed in this zone and in this chart, no setup was completed. But what really matters is that i report you once again.. Please keep doing what you are doing so it will be easier for the moderators to kick you out of the community.
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