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GBPUSD H4: BEST Level to BUY/HOLD TP 3960 (NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because I expect more gains
and reversal from HEAD level


🔸 Summary and potential trade setup
::: GBPUSD8 4our/candle chart review
::: already +300 pips running PNL
::: BUY LOW alerted near HEAD level
::: higher risk setup: BUY/HOLD at market
::: TP BULLS 3960
::: strong bullish chart accumulation
::: setup still valid as of right now
::: strategy BEARS: short from 3960
::: exit at 3620 (BEARS)
::: if shorting near 3960
::: make sure you use a tight SL
::: in progress for now focus on buying low
::: recommended strat: SHORT 3960 / LONG 3620/60
::: currently not the best spot to trade though
::: primary option: focus on buying dips / accumulation
::: bulls should wait for re-test near range lows to BUY
::: speculative IHS setup BULLS
::: BULLS will target re-test of neckline
::: HIGH RISK setup so do
::: your OWN DUE DILL
::: based on mid-term outlook
::: expecting more gains in GBPUSD
::: TP1 +100 TP2 +200 pips
::: good luck traders
🔸 Supply/Demand Zones
::: 3620 fresh demand zone
::: 3960 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS/3960
::: Sentiment outlook mid-term: BEARS/3620/60

RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Chart PatternsGBPUSDHarmonic PatternsTrend Analysis

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