gringerman

GBPUSD - 4HR Potential long setup

Long
FX:GBPUSD   British Pound / U.S. Dollar
Thanks to Technician for pointing out the short setup in this chart (link in related ideas). The price is correcting from the fall and a pennant has formed. Looking at the flagpole height projection meeting the median line, a good entry will be when the price breaks over the top of the pennant with a decent risk/reward ratio.
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