Get started
wasiheider

GBPUSD Broke above 2023 highs - Buy on Retracement

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
wasiheider  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns
5
2
trendanalysis harmonicpatterns chartpattern
GU in a bullish trend on Daily Time Frame
Broke above the Previous year's high and no divergence on RSI.
Price is now retracing to form a HL getting support from 9EMA.
Buy Limit set at the 0.5 fib retracement level and
SL below the low of the current leg
TPs set according to the risk taken with 1:1 (TP1)
and 1:2 (TP2)
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.