OANDA:GBPUSD   British Pound / U.S. Dollar
Our LONG setup ( GBP/USD of November 23rd) has developed very nicely.
The reaction low (November 27th) was hit exactly on target. Our deposited movement high (December 04) is just being dealt with. The price target of USD 1,34386 was exceeded by far and is currently at the resistance level that has existed since December 2019.
We recommend profit taking and a position reduction of at least 85%.

Congratulations to all who traded the setup!

(We will not document the setup any further.)

Note:
Within our trading strategy we use three special analysis methods. Only partial aspects have been published in this article and do not constitute a complete trading system, investment advice or buy recommendation.
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