British Pound / U.S. Dollar
Long
Updated

Hellena | GBP/USD (4H): Long to resistance area at 1.22656.

728
Dear Colleagues, at the moment the price is completing wave 5. It is possible to update the low, so I am marking a wide area for a set of long positions. The nearest target is the resistance area at 1.22656.

Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Note
I recommend moving trades to breakeven. There is a probability that the price will renew the minimum. If it happens, I will consider only long positions again.
Note
The scenario is working out fine, but there is the possibility of a price reversal. I strongly recommend partial closing of orders and transferring trades to breakeven. After updating the maximum, I plan to close the idea early, as it has reached its goals!
snapshot
Trade closed: target reached
Well done!
snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.