GBPUSD H4: BEST Level to BUY/HOLD TP +500/+750 pips (SWING)

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GBPUSD H4: BEST Level to BUY/HOLD TP +500/+750 pips (SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because I expect more gains
after short-term pullback/correction

🔸 Summary and potential trade setup
::: GBPUSD 4 hour/candle chart review
::: strong sequence of higher lows
::: expect BULLS to defend near 1500
::: also 1500 strong key psych level
::: higher risk setup: SHORT from resistance
::: TP BEARS is 1500 (higher risk)
::: strong bullish chart accumulation
::: expect measured move correction
::: 500 pips - measured correction previously
::: BULLS wait for correction to complete
::: near 1500 and reload with 80 pips SL
::: November/December strong period for GU
::: expecting more gains after correction mode
::: recommended strat: BUY near 1500 exit 2150
::: currently not the best spot to trade though
::: primary option: focus on buying dips / accumulation
::: bulls should wait for re-test near 1500
::: speculative IHS setup BULLS
::: BULLS will target re-test of 2150/2200
::: your OWN DUE DILL
::: based on mid-term outlook
::: expecting more gains in GBPUSD
::: TP1 +500 TP2 +750 pips
::: good luck traders
🔸 Supply/Demand Zones
::: 1500 fresh demand zone
::: 2150/2200 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/PULLBACK/1500
::: Sentiment outlook mid-term: BULLS/2150

RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

تعليق:

USDCAD H3: BEST Level to BUY/HOLD +150/+250 pips(SL/TP)(WAVES)