PriceActionTrading

3 REASON WHY YOU SHOULD BUY THE POUND

Long
FX:GBPUSD   British Pound / U.S. Dollar
16
SEE CHART.
TRADING THE 78.6% OF THE BULLISH IMPULSE UPWARDS.
ALSO THE 161.8% OF THE CORRECTION WAVE.
RSI D1 DIVERGENCE.

BUY @ 78.6% WITH SL BELOW 88.6%.
TP1 - 61.8% OF CORRECTION
TP2 - TOP OF BULLISH IMPULSE.

NOTE THAT I ALSO HAVE A GBPJPY SELL SETUP. IT IS CONTRADICTING, YES, BUT YEN HAS BEEN WEAK WHILE DOLLAR WAS STRONG. SO THERE ARE DISPARITY. BOTH ARE VALID.
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.