GBPUSD POSSIBLE LONG
On the DAILY and 4H chart we've the RED marked several resistance holding zone which we break below with a DAILY and 4H chart BULL flag following the last bull run, We've a deep retracement correction of the last bull run to the 61.8Fibonacci level which is the red marked CIRCLE on the chart.
If we can see a break of the BULL flag, also a break and retest above the several holding resistance zone, at 1.2560 we might see the next bull run as an uptrend continuation pattern targeting 1.3000 as long term TP.
To be considered if we also measure the bull run as seen in the char, close the arrow and paste it as due it just fit perfectly for the next possible bull run to the place of the overall upper bound downtrend line.., maybe it something worth watching out for days to come.. and if not we continue lower
If we can see a break of the BULL flag, also a break and retest above the several holding resistance zone, at 1.2560 we might see the next bull run as an uptrend continuation pattern targeting 1.3000 as long term TP.
To be considered if we also measure the bull run as seen in the char, close the arrow and paste it as due it just fit perfectly for the next possible bull run to the place of the overall upper bound downtrend line.., maybe it something worth watching out for days to come.. and if not we continue lower
ملاحظة
We actually broke out of the BULL FLAG and now approaching the several holding resistance zone at 1.2560, we can see a break as retest as said before.. We can then see a quick bull run to the upside.. Things are setting up nicely until this moment..
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