VladimirRibakov

GBPUSD Buy Idea after a "Special Cycle" completed.

Long
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD Buy Idea

After price did a "Triple Cycle" to the downside we can find a FB and a new high creating a bullish convergence.
After a bullish convergence we need a double wave retrace and price did that already.

So going long on this pair is a very nice opportunity.

Protect below last low aiming:

T1 50% of the special cycle
T2 around 1.46
SL below last low

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