GBPUSD POTENTIAL BUY SETUP

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Price has been trending down and has reached a key support level on the daily.

If price respects this level, I will wait for an inner trendline break to open a long entry.

Overall, if this has happened, price is pulling back for a retracement to eventually continue down.

The Take Profit 3 area is 61.8% of the entire move down and is a key level.
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If price does not respect this level, I would wait for it to break through, retest and enter for the sell.

If we are signaled for a sell, I expect price to travel to the long term support zone ~1.14XXX
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Bird's eye view...

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This looks a little messy, but I am taking an entry off of the 15 min chart. Waiting for price to retrace to the .382 to .5 level to ride the wave up.

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Сделка закрыта: достигнута тейк-профит цена
elliottwavecorrectionElliott WaveFibonacci RetracementgbpusdbuygbpusdlongTrend Analysis

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