DOUBLE BOTTOM ON DAILY GBPUSD
After a massive double bottom on the daily chart, we now have seen a flag formation (from 100% to 0% on white).
the retest of the @1.24 level would give us a valid entry to go for the 2nd impulse of this new wave.
The first target would be the @1.253 zone, confluence with the -27% fib extension and a intraday key level.
The second target, would be the +- @1.27 level, being the -61.8% extension and a daily key level.
Hope you guys find it useful and if you agree or not, let me know in the comments.
Thank you very much for the support on my instagram page @theforexdream
Have a great trading week guys.
the retest of the @1.24 level would give us a valid entry to go for the 2nd impulse of this new wave.
The first target would be the @1.253 zone, confluence with the -27% fib extension and a intraday key level.
The second target, would be the +- @1.27 level, being the -61.8% extension and a daily key level.
Hope you guys find it useful and if you agree or not, let me know in the comments.
Thank you very much for the support on my instagram page @theforexdream
Have a great trading week guys.
