GBPUSD POTENTIAL BUY SETUP
Price has been trending down and has reached a key support level on the daily.
If price respects this level, I will wait for an inner trendline break to open a long entry.
Overall, if this has happened, price is pulling back for a retracement to eventually continue down.
The Take Profit 3 area is 61.8% of the entire move down and is a key level.
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If price does not respect this level, I would wait for it to break through, retest and enter for the sell.
If we are signaled for a sell, I expect price to travel to the long term support zone ~1.14XXX
If price respects this level, I will wait for an inner trendline break to open a long entry.
Overall, if this has happened, price is pulling back for a retracement to eventually continue down.
The Take Profit 3 area is 61.8% of the entire move down and is a key level.
______________________________________________________________________________________________
If price does not respect this level, I would wait for it to break through, retest and enter for the sell.
If we are signaled for a sell, I expect price to travel to the long term support zone ~1.14XXX
Note
Bird's eye view...Note
This looks a little messy, but I am taking an entry off of the 15 min chart. Waiting for price to retrace to the .382 to .5 level to ride the wave up.Trade fermée: cible de profit atteinte
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.