GBPUSD : Long Setup
Updated
Hello Traders.
First of all , if you think this analysis is useful to you,
press the LIKE button after read )
Let's start :
GBPUSD 1W Chart
* Although we were under the effect of the short signal on the weekly chart, there was a Distributional Buy signal for this week.
When we look at the terminals in the Autonomous LSTM period:
* Here, as GBPUSD is decreasing, we see that positions are increasing.
In fact, the percentage increase in position is positive, but the price decrease may increase slightly.
So, our position size is small, so let's try again with a bigger position size in the bad scenario.
We made a beautiful oval bottom on the weekly chart.
If this is the Cup and Handle pattern, we are now in the full handle.
Attention should also be paid to this.
The analysis contains valuable Risk/Reward Ratio. (3 , 1/3)
The parameters I recommend are as follows:
Regards.
First of all , if you think this analysis is useful to you,
press the LIKE button after read )
Let's start :
GBPUSD 1W Chart
* Although we were under the effect of the short signal on the weekly chart, there was a Distributional Buy signal for this week.
When we look at the terminals in the Autonomous LSTM period:
* Here, as GBPUSD is decreasing, we see that positions are increasing.
In fact, the percentage increase in position is positive, but the price decrease may increase slightly.
So, our position size is small, so let's try again with a bigger position size in the bad scenario.
We made a beautiful oval bottom on the weekly chart.
If this is the Cup and Handle pattern, we are now in the full handle.
Attention should also be paid to this.
The analysis contains valuable Risk/Reward Ratio. (3 , 1/3)
The parameters I recommend are as follows:
- Position Size : %0.5
- Risk/Reward Ratio : 1/3.02
- Stop-Loss : 1.27831
- Goal : 1.31995
Regards.
Trade closed manually
TP1 Reached after that parity shows week signals . If i see something, i ll share on new idea.
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