With price approaching 1.3000 zone, multiple bullish opportunities can be available on a 1.30 level that has been tested multiple times in the past. Bullish AB-CD pattern could maybe complete in this Blue Zone. I will be conservative and wait for a Double Bottom to occur, but for more aggressive approaches a Bat Pattern could also be completed at this price level. Note RSI is also going into an Over-Sold state and Fibonacci levels confluence in the zone. Each opportunity has a positive Risk/Reward, Stop Loss is below Major structure for extra protection.
GBPUSD
GBPUSD
Trade closed: target reached:
If entering on the Bat formation or a structural retest in 1.3000 zone your targets would be achieved at 1.3080s (618 FIB).