GBPUSD H4: BEST Level to BUY/HOLD TP 3960 (NEW)

29 oct. 2021

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GBPUSD H4: BEST Level to BUY/HOLD TP 3960 (NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because I expect more gains
and reversal from HEAD level

🔸 Summary and potential trade setup
::: GBPUSD8 4our/candle chart review
::: already +300 pips running PNL
::: BUY LOW alerted near HEAD level
::: higher risk setup: BUY/HOLD at market
::: TP BULLS 3960
::: strong bullish chart accumulation
::: setup still valid as of right now
::: strategy BEARS: short from 3960
::: exit at 3620 (BEARS)
::: if shorting near 3960
::: make sure you use a tight SL
::: in progress for now focus on buying low
::: recommended strat: SHORT 3960 / LONG 3620/60
::: currently not the best spot to trade though
::: primary option: focus on buying dips / accumulation
::: bulls should wait for re-test near range lows to BUY
::: speculative IHS setup BULLS
::: BULLS will target re-test of neckline
::: HIGH RISK setup so do
::: your OWN DUE DILL
::: based on mid-term outlook
::: expecting more gains in GBPUSD
::: TP1 +100 TP2 +200 pips
::: good luck traders
🔸 Supply/Demand Zones
::: 3620 fresh demand zone
::: 3960 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS/3960
::: Sentiment outlook mid-term: BEARS/3620/60

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Past performance is not indicative of future results.
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