GBPUSD - Bullish Divergence - 1 Hour Time Frame

Based on the RSI indicator, a bullish divergence has been identified, indicating the formation of a higher high (HH) and a higher low (HL). As a result, we plan to enter a long trade using the Fibonacci tool.

Our long trade plan involves a 1:1 risk/reward ratio. We will place a buy limit order at 1.24141 with a stop loss at 1.2354 and a lot size of 0.13. Our first take profit level will be set at 1.24715, while our second take profit level will be set at 1.25314.

Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.