GBPUSD - LONG Long

British Pound/U.S. DollarFXCM

Description

⋅ Mar 27, 2023 5:13 AM

Biased - Long
Entry = 1.22400
SL = 1.21750
TP = 1.24000

Bullish Indicators:
1. Higher Highs and Higher Lows.
2. AB=CD Pattern continue.
3. Fib 50% retracement and made new high from previous rally indication of bullishness.
4. Strong Support Zone at previous Higher Low.

Bearish Indicators:
1. Bearish Divergence.
2. Rising Trend Line Breakout

Comments

TheFxAce

⋅ Mar 27, 2023 5:53 AM

1.25?

aliejaz732

⋅ Mar 27, 2023 6:06 AM

@TheFxAce, Thanks for you valuable input, according to AB=CD Pattern Target is 1.24 that i considered.