Target 2 at $1.665 is looking very possible right now. Stops should be at break-even or at $1.678. Hopefully everyone has scaled at their first position.
Hey force follower, I've noticed that there is strong structure around X level. GBPUSD has been in a strong uptrend and I doubt it will even reach my second target. My theory is If price reaches around the 38% on my first target, I'm looking for a bounce at X level, Whether if price will reject X and head bullish again, or reach 38% level and then head back up again. The best I can do is follow my trade plan, I'm all technical . When i see a harmonic pattern. My trade plans says i have to take it. Can'y miss out on any trades in my portfolio.
There is strong support at 1.677, just below your target 1, so it may be hit indeed.