GBPUSD Bullish White Swan and Long Opportunity
GBPUSD completed a Bullish White Swan harmonic pattern on the H4 chart. Bullish correction is predicted. Our trade setup:
Our Trade Setup:
Time Frame: H4
Trade Period: Intraday / Midterm
Estimated completion time: 2- 18 H4 CANDLESTICK
The trend in the Timeframe: Neutral
The trend in the Daily Chart: Bearish
Trade Based On Bullish White Swan
The accuracy of the pattern: 93 %
Recommended Lot Size: 0.10 at 10K
Entry 1 : 1.28130 / executed
Entry 2: 1.28240 Pending order / executed
Entry 3: 1.27700 Pending order
Stop Loss: 1.27600
Target 1: 1.28500
Target 2: 1.28800
Target 3: 1.29200
Setup Summary on the chart:
Update: We have reached the first short term target. We close 20 % of the positions. Move SL to breakeven.
Update: TP2 Reached and we closed 70% of the positions.
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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