GBPUSD outlook Bullish

The Chart is pretty Exploratory.

BUYING: 1. Buy Stop above 1.24
2. Buy Limit around 1.22 (DO not place the order right away) wait for price action there.

Target: 1.27

Abbreviations;

NS= No supply
DW= Demand Wave
RFSB= Resistance from Supply Bar
SFDB support from Demand Bar
SLK= Stop Loss killer


My Mentors and Inspiration
Volume Analysis - Oleg Alexandrov
Money and risk Management - Dmitriy Lavrov

Сделка активна

Комментарий:

I would take partial profits around 1.25 (100 pips) and let the remaining position run for 1.27.

(Please Always follow your Risk management)

Комментарий:

Possibility of better Re-entry or addition of position.

Watch out for price action from 1.238 to 1.234. high chance of having SLKB there. Don't open positions on open candles. Let the candles close and brainstorm your entrry points.

Will confirm once I see continuation of upmove.