GBPUSD 1H Three Reason for a Buy-Setup Long

British Pound/U.S. DollarFXCM

Description

⋅ Jul 5, 2021 8:06 AM

GBPUSD 1H Three Reason for a Buy-Setup

1. The main Downtrend Channel was broken
significantly
2. Fromed a Trend continuation Pattern
(Flag) and break up
3. Fromed a bullish Pin bar

Hence, We can Long GBPUSD
SL 1.3814
Tp: 1.3919 and 1.40

Comment

⋅ Jul 5, 2021 8:21 AM

Trend Lines Candlestick Analysis

Comments

mkandy

⋅ Jul 6, 2021 3:00 PM

SL Hit?

MahmudReyadh

⋅ Jul 12, 2021 3:14 AM

octa

⋅ Jul 6, 2021 3:35 PM

I lost my all equity.

TradingEmpire

⋅ Jul 7, 2021 11:51 AM

@octa, manage your risk properly..

Kiwi_Pete

⋅ Jul 6, 2021 10:57 AM

looking for its right Shoulder & down

MT1st

⋅ Mar 28, 2022 2:07 PM

@Kiwi_Pete,

sidnir

⋅ Jul 6, 2021 10:32 AM

Great analysis with reasoning!

ForexTrendline

⋅ Jul 5, 2021 8:11 PM

Great analysis, will most probably come out successful!

octa

⋅ Jul 6, 2021 1:41 PM

@ForexTrendline i am losing around 100$ that trade.

TanveerAlam

⋅ Jul 5, 2021 5:04 PM

sell sell sell