GBPUSD-H4 setup-more reasons to long

FX:GBPUSD   British Pound / U.S. Dollar
997 9 21
We can see a nice five wave impulse followed by a complex WXY correction that apperas to be finished.
The retracement is at the 0.61 ratio (my prefered magic number!!!)
We have also a nice AB=CD pattern within the correction.
For me everything is pointing up, but we can never be so sure.

Please remember this is not a call for a trade, just adding ideas here.

First target: last highs
Second target : 1.27 fig projection

Best regards.
Huge buying pressure there.. Look at the wicks of the candles making hammer after hammer.
Just purfect!
I'll enter before NFP. Not much to do until then.
+1 Reply
FullTimeTrader IvanLabrie
Good luck!!, may be i will enter with a very small risk. Regards.
IvanLabrie PRO FullTimeTrader
It's getting increasingly risky to trade larger timeframes, so yes, I'm mostly trading intraday.
Should be an interesting session tomorrow.
but it breaks daily wedge and 4hr triangle to downside... i think we have to wait for NFP
Ice_ farid_ardavani
I don't think the NFP will decide that.
Dany_1990 farid_ardavani
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