Potential for GBPUSD to bounce from the support zone at 1.31. Lots of price reactions at this zone and we also have the daily S2 level here.
Targeting the 15min / 1hr bearish trendline which is a simple and nice 2:1 RR
Targeting the 15min / 1hr bearish trendline which is a simple and nice 2:1 RR
Trade active:
Entered long on the 2nd rejection of 1.31
Trade closed: target reached:
Almost instantly. Price popped to target of 50pips