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GBPUSD H16: BEST Level to BUY/HOOD TP +500/+750 pips (SL/TP/UPDATE) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. Tagged as SHORT because I expect more losses and reversal from HEAD level click play to review original setup. recommended shorting from 3875
🔸 Summary and potential trade setup ::: GBPUSD16 hour/candle chart review ::: SHORT alerted at 3875 bid now is 2665 ::: PNL already +200 pips and running ::: higher risk setup: SHORT AT MARKET OPEN ::: TP BEARS is 3400 HEAD ::: strong bullish chart accumulation ::: setup still valid as of right now ::: higher risk strat: SHORT at market ::: exit at 3400/3440 later ::: if shorting near market open ::: make sure you use a tight SL ::: in progress focus on buying low ::: recommended strat: BUY DIPS 3400/3440 ::: currently not the best spot to trade though ::: primary option: focus on buying dips / accumulation ::: bulls should wait for re-test near range lows to BUY ::: speculative IHS setup BULLS ::: BULLS will target re-test of neckline ::: HIGH RISK setup so do ::: your OWN DUE DILL ::: based on mid-term outlook ::: expecting more gains in GBPUSD ::: TP1 +500 TP2 +750 pips ::: good luck traders 🔸 Supply/Demand Zones ::: 3400 fresh demand zone ::: 4200 fresh supply zone 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: BEARS/PULLBACK ::: Sentiment outlook mid-term: BULLS
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