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AdamHong
Aug 20, 2018 12:44 PM

GBPUSD: Bullish 2618 Pattern Long

GBP/USDOANDA

Description

A long-term trade plan for Pound is as below:
The 0.618RET of previous rise is at 1.269 level which is also the neckline of the previous double bottoms.
Additionally, the good Weekly Demand Zone is at 1.259-1.270 levels.
So it is good to buy at 1.260-1.270 levels when the price pulls back and gives signals in the PRZ.
SL: below 1.258
TP1: 1.330
TP2: 1.410
TP3: 1.510 and further more

Trade active

Comment

TP1 reached, but TP2 failed.
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