FX:GBPUSD   British Pound / U.S. Dollar
49 0
Hello traders, yesterday i posted a chart showing a bullish flag on this pair.. However i couldnt find a good entry yesterday since i felt that the price might retrace before breaking the flag. Here what it is in my opinion is an ab=cd structure and i am looking to enter for the cd leg so that i can catch the move above. Entry for this trade is right at the the trendline as well as 786 retracement . Finishing of the cd leg will be at the structure above. Very good Risk:Reward in my opinion. Will be actively trading this pair since i believe that the target for the bullish flag will hold and this is merely and entry for the big move up.
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