GBPUSD Long Bias. Waiting for a Pullback for Long Entry. Long

British Pound/U.S. DollarFXCM

Description

⋅ Jan 23, 2022 3:58 AM

Hey Guys!

The Bias for the GBP/USD on the Weekly chart (Medium Term Bias) is long. In other words, price is likely to reach 1.3833 before reaching 1.3163

I am willing to take a long entry if price pulls back to 1.3313 and perhaps even further with the stop loss at 1.3163 and the main target at 1.3833

As always, this is assuming the lower time frame price action retains its confirmation of long strength.

Have a great day guys!

Ken

Disclaimer: This is not Personal Financial Advice.

Comments

Costy13

⋅ Jan 23, 2022 9:20 PM

Good charting for the weekly, I have Dollar strong this week so expect GBP/USD to fall to your entry level

TradingForexPriceAction

⋅ Jan 24, 2022 6:51 AM

@Costy13, Hello Costy 13!
Right!That will be great news for me! Just watching lower time frame price to begin confirming long strength near my entry level.

Have a great day!

Ken