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GBPUSD ABCD Formation and long opportunity

GBPUSD ABCD Formation and long opportunity

Trade Setup No: CUGBUS030101

CURRENCIES

INSTRUMENT:GBPUSD

CHART TIME FRAME: H4

PATTERN / INDICATOR: AB=CD Formation on the H4 Chart

PROJECTED PRICE ACTION: Possible retracement Fib 38.2 and 61.8

TRADE: LONG

Area Of Entry: 1.37550

Stop Loss 1.37150

Take Profit 1:1.38000

Take Profit 2: 1.38400

 

GBPUSD ABCD Formation: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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