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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
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