GBPUSD Bullish White Swan and Long Opportunity Update TP2 Reached

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:

Trade: Long

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