11021992

GBPUSD long entry at 1.4163

FX:GBPUSD   British Pound / U.S. Dollar
Hi traders,

On the GBPUSD             we can see a clear triangle forming.
I am looking for a long entry around 1.14163 area.
My reasons for this:
  • Trendline hit
  • Previous structure
  • 61.8 or 31.8 fib retracement

Entry: 1.4163
Stop: 1.4097
Target 1: 1.42715
Target 2: 1.44

Best of luck!
Trade active
Comment: Looked a bit dodgy, but the trendline seems to be holding on the daily chart.
Trade closed: stop reached
Analysis for week 3: https://youtu.be/_qkhKY9UqUo

Interested in learning about harmonic patterns? PM me :)

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