Here we have a Potential LONG trade on FX:GBPUSD , based on cloning strategy. Refer to my previous post on "USDCAD" for the brief description of this cloning strategy. I'll post a link under the "RELATED IDEAS" after this description. Market has clearly BROKEN and CLOSED above the REFERENCE CLONE BOX, which now should act as SUPPORT. The targets for the long position are the 1/4 lines (50%, 75%, and 100%) labelled on the chart above. I have also included the smaller (yellow) clones that can also be taken as potential target levels. Market has just tested the BOTTOM part of CLONE #1, thus we can consider this trade to be ACTIVE now. We also have a RISING CHANNEL on the RSI. See the chart above for more details.
Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)