GBPUSD H1 Chart Overview and Trade Opportunities
The pair completed Bullish Gartley M30 Chart and Bullish AB=CD M15 chart at 1.26800
1.26600 is strong support.
Long Trade Idea with a good risk-reward ratio:
Stop: Below Support 1.26600
Target 1: 1.27000
Target 2: 1.27250
Target 3: 1.27650
Note: For the safe entry, you can wait for the breakout of 1.27200 to long.
If the long trade does not work and price breaks down the 1.26600 support:
Short @ 1.27600
Target Levels: 1.26490 1.26350 1.26020 / Reached
This is just an intraday trade setup. Medium-term setup and forecast will be published today.
Update: Target Reached Trade Closed 60 pips
VERIFIED ACCOUNT AND SETUP RESULTS
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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money
GBPUSD: 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