Princelechero

Long GBPUSD Countertrend

Long
FX:GBPUSD   British Pound / U.S. Dollar
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1
Price action broke and close above 1.26740s level indicating trend continuation in that direction.
However we are heavily bearish on the higher timeframe. This would be a purely countertrend move probably retesting minor structure for first target and major structure 1.2900s for second target
Multiple retest in the ''Strike zone''(green box).
Fibonacci confluence
Looking for a retest( double bottom ) and we are in.