Description
⋅ 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
⋅