FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD LONG
There are 3 confluences for this
Price is forming that W pattern for a long
we are only advised to enter after we see bullish reversal pattern
please dont forget to apply risk management

Also the fibonacci retracement tool which can also indicate a buy when price get gets to the 100% zone that shows an exhaustion in sells ,
This can also be referred to as double bottom
After all these confluences are confirmed
Traders can enter for a long
TRADE MY SETUP AT YOUR OWN RISK

THANK YOU FROM THE POWER FX TEAM
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.