FullTimeTrader
Long

GBPUSD-nice technical setup

FX:GBPUSD   British Pound / U.S. Dollar
1674 16 35
This is one of prefered setups:

- trendline support
- 0.61 fib retracement
- bullish hidden divergence
- engulfing bullish candle
- from EW perspective this is a a possible 1-2 (big trend starting)

Regards.
Comment: first and second target hit, waiting third target to be hit because i see still bullish potential
Good job!!!
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About to hit the trendline ,
Do u expect it to brake it or what scenario do u expect Can u please mention .
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FullTimeTrader SatyaRanjan_Das
Hello, i expect a big rally from here, price could make some reaction near the 1.1500 level but i would not entry short thee. I will focus mainly on longs adding position after a pullback. Off course its just my point of view, the market will tell.
+1 Reply
SatyaRanjan_Das FullTimeTrader
Sry But 1.1500 level ???
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FullTimeTrader SatyaRanjan_Das
Lets wait for more price action an then we wil see, right now im long managing the trades. Regards.
+1 Reply
SatyaRanjan_Das FullTimeTrader
Thanx.
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Genio!
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Gracias!!
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Hello, please check your rules, it seems its not a valid pattern. Anyway, price action is too far. We should go step by step and trade patterns that are near completion. Regards.
+1 Reply
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