GBPUSD

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GBPUSD

Note: (MARKET IS REACTIVE AND NOT PREDICIVE)

From a daily perpective, price has clearly broken the support zone and has created a an impulse to the downside .

After an impulse we expect a correction otherwise known as a retracement.

Since market price moves in waves, Price can retest the box before making another impulse to the downside. Making a move to the target of 1.19768
(PLEASE HIT THE LIKE BUTTON AND COMMENT WHAT YOU HAVE IN MIND TO SUPPORT )

With this over 200 pips can be caught.

Kindly note that there is a downtrend line drawn for easier visuals.

Monitor price action on the 4H timeframe; Entries will be initiated using one hour or four hour timeframe.

(PLEASE HIT THE LIKE BUTTON AND COMMENT WHAT YOU HAVE IN MIND TO SUPPORT )
Note
Hello traders, from analysis few days ago we see price is obeying the market structure.

Hopefully it will continue following the analysis.

Feel free to like, share and drop a comment below.
Transaction en cours
PRICE HAS SHOWN A MINOR REJECTED AND SEEMS TO BE MOVING DOWNWARDS
Transaction en cours
PRICE IS DECLINING NICELY AND WHILL HIT THR TARGET IN HOURS.

FIND AN OPPORTUNITY TO ENTER THIS TRADE.
Ordre annulé
Chart PatternsdailytimeframedollarhourlychartpipspoundpounddollarpriceactionshortshortsetupTrend AnalysisWave Analysis

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