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GBPUSD H8: BEST Level to BUY/SELL TP +200/+250 pips (SL/TP/NEW)

FX:GBPUSD   British Pound / U.S. Dollar
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GBPUSD H8: BEST Level to BUY/SELL TP +200/+250 pips (SL/TP/NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because I expect more gains.


🔸 Summary and potential trade setup
::: GBPUSD 8hour/candle chart review
::: range locked last 4/8 weeks
::: NEUTRAL OUTLOOK so far
::: recommended strat: BUY LOW or SELL HIGH
::: currently not the best spot to trade though
::: primary option: focus on buying dips later
::: bulls should wait for re-test near range lows to BUY
::: and focus on buying low later once pattern is validated
::: based on mid-term outlook
::: best BUY level 3680 / SELL level 3980
::: TP1 +200 TP2 +250 BULLS/BEARS
::: good luck traders
🔸 Supply/Demand Zones
::: 3680 fresh demand zone
::: 3980 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/PULLBACK
::: Sentiment outlook mid-term: BULS/RANGE LOCKED

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Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

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