GBPUSD: BUY DIPS but don't rule out 1.25 yet

FX:GBPUSD   British Pound / U.S. Dollar
Hello Traders: My previous ideas on GBPUSD didn't work well as price broke all support levels and kept heading lower.
However, at the end of the previous week, we got some nice BULLISH REVERSAL CANDLESTICK FORMATIONS(denoted by the yellow ellipse).
If this reversal holds, we can see GU continue towards 1.2850 and 1.3020.

However, plenty of uncertainties in British Politics will likely lead to a lot of volatility . So, keep an eye on the 1.25 level.
In any case, I will continue to BUY THE DIPS and advise traders to BUY GBPUSD with small lots at 1.2500-1.2630 with SL below 1.2400.
TPs can be set at 1.2850, 1.3020 and 1.3150 respectively.

COPY MY Trades :
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out