Getting ready to go long GBP
If we looking at time frames on a monthly frame we are at a possible spring level of a trade that could possible be long for two years (I repeat that i am beginner)
Price has liquidated all previous low on a Monthly level!!
Now going down the time frames we can see the are strong buys position that has happen already, so now I'm looking for area for a secondary test position.
Ideally I see price possibly coming back to the purple zone to test and explode off that's where the potential 2000 pips buy for a 2 year period can be seen more.
Meanwhile that is happening the price is a trading range just broke a low and show signs for price to take out liquidity on the above pound sign before coming back to the purple zone.
Price has liquidated all previous low on a Monthly level!!
Now going down the time frames we can see the are strong buys position that has happen already, so now I'm looking for area for a secondary test position.
Ideally I see price possibly coming back to the purple zone to test and explode off that's where the potential 2000 pips buy for a 2 year period can be seen more.
Meanwhile that is happening the price is a trading range just broke a low and show signs for price to take out liquidity on the above pound sign before coming back to the purple zone.
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