as we can see at October 18 this pair break up channel down pattern, and create a new pattern.
With smaller timeline, we can see a new channel down almost end. If this small channel break, bullish setup at :
opening : 1.2232
Stop loss : 1.2168 (64 pips)
Take profit at : 1.2378 (146 pips)
R/r ratio : 2.33
Gbpusd usd Trading at 1.2895 level where its historical low is around 1.2775 level.
We can see jump from cmp or from 1.2810 area
So we advice buy gbpusd cmp 1.2895 next pending 1.2810 both sl 1.2720 where tp1 1.35 and tp2 1.38