Charlieab94
Long

GBPUSD Long *Gap Trade*

FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD Long opportunity by utilising the weekend gap down on open.

The rest of the analysis for a long bias is the bullish trendline, fib 0.618 retracement and the structure zone at this level on the chart.

Stop loss = 50pips

I will move my stop loss to breakeven when the gap is closed.
Trade active
Comment: Weekend gap is now closed. You could now secure profit here or reduce your risk.
Comment: GBP bullish momentum now in play... I am taking some profit at 1.31 because I have this known as a reaction zone
Trade closed manually
For more technical analysis and FREE trading education, please check out my blog site https://diaryofafinancekid.com

Comments

sniper entrys, great analysis bro!!!!
+1 Reply
Charlieab94 fxinvestmentgroup
@fxinvestmentgroup, thanks bro! I Appreciate the comments and support 😊
+1 Reply
Analysis looking really good my bias on this pair is an overall bullish perspective.
+1 Reply
Charlieab94 Sulemank
@Sulemank, Thanks mate :)
Reply
lolz bro ur prediction coming tru.. am also holding a bullish postion in it
+1 Reply
Charlieab94 Billion_Pips
@Billion_Pips, It's just too easy :P I have taken some profit at just below 1.31
Reply
Billion_Pips Charlieab94
@Charlieab94, Which high are you seeing it getting to
Reply
Charlieab94 Billion_Pips
@Billion_Pips, Long term... 1.35 would be a nice target but there is still that bearish CTL to break first. And 1.31 also has the fib 0.618 retracement level there. That is why I am not being greedy and locking in some profit.
Reply
Billion_Pips Charlieab94
@Charlieab94, nice 0ne
Reply
@Charlieab94 do you see this price going up... am like seeing it going bullish a little before crashing down...
check the daily timeframe, i see it giving us a harmonic pattern.. What do you think?
+1 Reply
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