GBPUSD, 1hr tf, buy the 61.8% retracement
As you can see, yesterday price complete the ABC correction of wave 2 or B. After this correction, we might see another impulse to the upside for GBPUSD.
ABC correction stopped exactly at 61.8 fibonacci retracement which is a good opportunity to enter long.
Buy GBPUSD 1.3810
Stop loss 1.3750
Take profit 1.3990 (3R)
Use only 1-2% risk
Good luck
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Related publications
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.