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Monday, August 23, 2021

GBPUSD H16: BEST Level to BUY/HOOD TP +500/+750 pips (SL/TP/UPDA

GBPUSD H16: BEST Level to BUY/HOOD TP +500/+750 pips (SL/TP/UPDA

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GBPUSD H16: BEST Level to BUY/HOOD TP +500/+750 pips (SL/TP/UPDATE)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect more losses
and reversal from HEAD level

click play to review original setup.
recommended shorting from 3875

GBPUSD H16: BEST Level to BUY/HOLD TP +500/+750 pips (SL/TP)

๐Ÿ”ธ Summary and potential trade setup
::: GBPUSD16 hour/candle chart review
::: SHORT alerted at 3875 bid now is 2665
::: PNL already +200 pips and running
::: higher risk setup: SHORT AT MARKET OPEN
::: TP BEARS is 3400 HEAD
::: strong bullish chart accumulation
::: setup still valid as of right now
::: higher risk strat: SHORT at market
::: exit at 3400/3440 later
::: if shorting near market open
::: make sure you use a tight SL
::: in progress focus on buying low
::: recommended strat: BUY DIPS 3400/3440
::: currently not the best spot to trade though
::: primary option: focus on buying dips / accumulation
::: bulls should wait for re-test near range lows to BUY
::: speculative IHS setup BULLS
::: BULLS will target re-test of neckline
::: HIGH RISK setup so do
::: your OWN DUE DILL
::: based on mid-term outlook
::: expecting more gains in GBPUSD
::: TP1 +500 TP2 +750 pips
::: good luck traders
๐Ÿ”ธ Supply/Demand Zones
::: 3400 fresh demand zone
::: 4200 fresh supply zone
๐Ÿ”ธ Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/PULLBACK
::: Sentiment outlook mid-term: BULLS

RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

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