Description
⋅ After breaking the long-term trend line, GBPUSD has built a ground for itself in the 1.2760 area.
My view is long GBPUSD at 1.2850 (buy limit) with a stop loss at 1.2650 and targets as shown above, however, maximum target is 1.3490
It is recommended to open multiple deals and close one at each target, as well as dragging all SL orders to breakeven once price reaches first target.
Good luck everyone.
Saif Qaddoura, CFTe, ACI-Dealing