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GBPUSD H4: RANGE market // Buy low and sell high (SL/TP)(UPDATE) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. DISCLAIMER: high volatility / high risk setup/ using wide stop loss, but great risk/reward please use lower leverage / lower position size. Do your own DUE DILL before taking any trades.
🔸 Summary and potential trade setup ::: GBPUSD 4hour/candle chart review ::: short-term market update ::: and trading strategy ::: entering RANGE mode right now ::: will take time to digest / process ::: recent gains so expecting RANGE ::: have to adopt new strategy which is ::: buying low and selling high ::: KEY LEVELS on chart ::: 3200 - premium resistance level - SHORT IT ::: 3180 - range highs - SHORT IT ::: 3000 - range lows - BUY LOW ::: 2980 - premium support level - BUY LOW ::: recommended strategy: BUY LOW/SELL HIGH ::: Patient traders only / don't expect fast ::: SL 40 points ::: miracle/overnight gains ::: Good luck traders 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: RANGE ::: Sentiment outlook mid-term: RANGE