Detected pattern in forming now and it is somewhere between a flat and triangle. Two scenarios for GBP/USD are as following:
1. Long GBP/USD at the current price level with stop loss below the recent lows at H4 TF. Tp at the upper trend line.
2. Looking for a short, if the current lows will be broken down. Tp@1.295x should be the considering end...
GJ is coming down to the support zone. Bound up or punch through?
A little tip:
One of the prerequisites of profitable trading is the ability to identify the entry opportunity.
Trading strategy won't matter...
Risk management won't matter...
Money management won't matter...
...if you aren't able to identify the opportunity and capitalise on it when one...
An upward trend, close to the right place to enter the Buy position, potential for 100 pips, the dollar in a short term trend that supports the above analysis, With a weak dollar in the short term it can support this signal
Entry Price: 1.3067
Stop Loss: 1.3025
Take Profit: 1.3150
In March the gbpusd emerged from the downward trend temporarily it has been in since April 2018, Is currently on a rising green channel with opportunity price.
As long as we do not fall below 1.2960, the recommendation will remain a buy recommendation
Entry Price: 1.3034
stop Loss: 1.2960
take profit: 1.3370