GBPUSD D1, possible long term setup, broke of multiyears DTL
Guys possible long setup on this with 500 pips on the table! If my eyes don't lie we have the breakout of MULTIYEAR descending TL (go to the weekly timeframe and see also with your eyes). For confirmation we should see a pullback with a closing candle above our TL so we can take this retest for entry long and hold this for some week. Trade supported by: fibo confluence,trend analysis
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Better split all in 3 TP target and play with 2/3 positions for take profit along the way
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we should find another entry cause no retrace for now
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ok maybe few time and start to retrace
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our entry was on TL retest but it s strong bullish and the retrace was too short we ll find an entry, 1,32 or 1,3250 area
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about 40 pips from target closed it