FullTimeTrader

GBPUSD-simple setup shows us this pair is starting a rally

Long
FX:GBPUSD   British Pound / U.S. Dollar
20
Very interesting, i use this setup often on lower TF.
Looking at W1 chart i found this "clone" setup and it shows me clearly this pair has bottomed and is starting a rally, possibly as an ABC zigzag (doesn't matter)

We have.

- corrective channel as support
- 0.61 fib retracement
- morning star candle stick pattern

On lower TF for me its a clear long, so i must think this setup will work here also, the market is FRACTAL.

Last target would be 1.65 level.

Lets go for it!! I will focus only on longs.

Regards.

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