GBPUSD should continue to correct in the next 1-2 weeks.
I will be interested to go long on it once it hits 1.3250.
This is a great level to wait for as it is a PRZ level of the Harmonic Bat pattern.
For a high probability trade, you should notice abnormally high volume coming in when it gets close to the PRZ.
Tentatively, these are my desired levels.
EP 1.3250
SL 1.3170 (80)
TP 1.36(350)
I will be interested to go long on it once it hits 1.3250.
This is a great level to wait for as it is a PRZ level of the Harmonic Bat pattern.
For a high probability trade, you should notice abnormally high volume coming in when it gets close to the PRZ.
Tentatively, these are my desired levels.
EP 1.3250
SL 1.3170 (80)
TP 1.36(350)
Trade closed manually
Squared off at -20 pips. Will be looking to reenter at a better price.
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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.