GBPUSD - Macro Long!

13 nov

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈 GBPUSD has been overall bullish from a long-term perspective, trading within the rising channel in green.

Currently, GBPUSD is in a correction phase, trading within the falling red channel.

Moreover, the 1.255 - 1.6 zone is a strong support

🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the support zone and lower green trendline.

📚 As per my trading style:
As GBPUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich