We have a potential bullis pattern completion right at 1.25091 GBPUSD 1h, same level as previous resistance.
Target 1: 1.2610
Target 2: 1.26736
Probably won't take this trade because 125 pips of stop loss is too much for my stomach.
Target 1: 1.2610
Target 2: 1.26736
Probably won't take this trade because 125 pips of stop loss is too much for my stomach.
Note
We can wait for a better entrance at lower levels, but that will violate the support level making it harder to be a winning pattern.
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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.