Get started
Quebra

GBPUSD potential Long

British Pound / U.S. Dollar (FX:GBPUSD)  
Quebra Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns
6
0
trendanalysis chartpattern
Many things need to happen before confirmation. The blue dotted trendline needs a break and re-test. Next, the Weekly support needs to be broken and re-tested, only after that the potential long setup is confirmed.
Overall up-trend, will be watching closly this pair for next couple of days.
Comment:
Perhaps too early, but I saw my 1st blue-line break and retest at 1.31920 area and decided to enter long. The weekly resistance at around 1.32200 area has not yet breached and retested.
Entry: 1.31916
SL: 1.31509 (-40 pips)
TP: no target yet, looking at least 1:2 RR
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.