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GBPUSD Bullish Butterfly Pattern and Long Opprtunity TP2 Reached

GBPUSD Bullish Butterfly Pattern and Long Opprtunity

Description: Chartraderpro finds a completed Bullish Butterfly Harmonic Pattern on H1 Chart. Potential bullish reversal is predicted.

Trade Period: Intraday

Pair / Instrument: GBPUSD

Time Frame: H1

The trend in the Timeframe: Bearish

The trend in the Daily Chart:  Bearish

Trade Based On: Bullish Butterfly Harmonic Pattern

Accuracy: %69

Recommended Lot Size: [email protected] 10 K Account with 1:100 Leverage

Trade: Long

The Area Of The Entry: 1.30260

Stop Loss: 1.30000

Target 1: 130600

Target 2: 1.30800

Target 3: 

What to Pay Attention:

You can view the setup:

TP2 Reached 44 Pips

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Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

GBPUSD Bullish Butterfly Pattern: 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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