GBP/USD Prepare to Long the Breakout
GBP/USD Pair
Fib fan pull + Fib Ext Pull
Rejected at the .382 or breaks above and pulled back down.
Trading inside a symmetrical triangle and expecting a breakout soon
as we close in towards the apex .
Im expecting a move down to the .618 as displayed in the chart in which case
a long opportunity presents itself .
Confluence with the 100EMA, .618 fan, .618 fib extension and volume profile match .
Long from the box with a SL below the last Swing low.
Word of caution * We can also break down from this level as symmetrical triangles
can break either way so exercise your own risk management and define your invalidation !
I will be looking for longs when we reach the Target drawn as Iam expecting more upside .
A Like or Share will be appreciated for my analysis and Follow me for Daily Setups
Fib fan pull + Fib Ext Pull
Rejected at the .382 or breaks above and pulled back down.
Trading inside a symmetrical triangle and expecting a breakout soon
as we close in towards the apex .
Im expecting a move down to the .618 as displayed in the chart in which case
a long opportunity presents itself .
Confluence with the 100EMA, .618 fan, .618 fib extension and volume profile match .
Long from the box with a SL below the last Swing low.
Word of caution * We can also break down from this level as symmetrical triangles
can break either way so exercise your own risk management and define your invalidation !
I will be looking for longs when we reach the Target drawn as Iam expecting more upside .
A Like or Share will be appreciated for my analysis and Follow me for Daily Setups
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