GBPUSD LONG [DAY TRADING STRATEGY]

GBPUSD

H1: We can see there is a inverted head and shoulder formation (the blue colored zone). Potential reversal might occurs. So, I will target price might rally for a while before return back to its downtrend movement.

Target entry:
Buy limit @ 1.2985 - 1.2995
SL @ 1.2945 - 1.2950
TP 1.3050

Trade At Your Own Risk

Trade geschlossen: Stop wurde erreicht:

Price broke lower and hit my SL.

Now is not a good time to long first.