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GBPUSD Long

by Sue D, January 19, 2023

GBP/USD H1 technicals

by Sue January 19, 2023

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GBP/USD

|

Long

|

H1

Timeframe:

H1

Analysis Method:

technicals

Analysis:

1 hr chart, cup and handle formation, pullback to the 50% fibonacci level for the handle and breakout to the upside

Trade Plan:

buy on the pullback level, stop loss at 68.2 fib, target 1.244 area

Risk Management:

use proper risk management

Things To Watch For:

double top possibly forming around 1.243 area

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