PyramidFx

GBPUSD key reversal and insurance bar dictation for long 1.2470

Long
OANDA:GBPUSD   British Pound / U.S. Dollar
#gbpusd, 13th-17th weekly key reversal bar, last weekly bar 20th-24th bar is insurance bar both weekly bars dictating upward move ahead. until hold insurance bar low suspect bullish. split risk into two trades, buy 1.2480 and 1.2420 with stop loss 1.2220. if fails then can take another chance from insurance bar low i.e 1.2165 with stop loss 1.2140 for target 1.2470.

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.