GBPUSD 4h TF long opportunity
Price drop back to test the 2h-4h time frame trendline and also supported by 2h EMA channel, on 2h TF, the candle shows an engulfing pattern, an S/D area is tested on 2h-4h TF, placed the long order at 1.24629
SL: 1.24300
TP1: 1.2620, TP2:1.2820
SL: 1.24300
TP1: 1.2620, TP2:1.2820
Trade closed: stop reached
The long order triggered SL at 1.2430Trade active
Price found another support at 1.2410, supported by trendline and S/D point at 1.2410, 1h and 2h TF is the long trend, another buy order placed at 1.24389
SL: 1.23901
TP1: 1.2620, TP2: 1.2820
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.