GBP/USD Long Position
4H Timeframe:
Risk-Reward Ratio (RR): 4
Entry Points:
Buy at 1.25324 and 1.25220
Stop Loss (SL):
Set at 1.24910
Take Profit (TP) Levels:
1.26700
1.27400
1.28000
15M Timeframe:
Risk-Reward Ratio (RR): 2.6
Entry Points:
Buy at 1.25400 and 1.25200
Stop Loss (SL):
Set at 1.25000
Take Profit (TP) Levels:
1.26700
1.27800
Trade Rationale:
The long position on GBP/USD is based on a change of character observed in higher timeframes, indicating a potential bullish momentum. Additionally, liquidity analysis in the medium timeframe supports the long position thesis.
Disclaimer:
Financial trading involves significant risk and is not suitable for all investors. The provided information should not be considered as financial advice. Traders should conduct their own research and analysis before making any investment decisions. It's important to carefully consider your risk tolerance and financial situation before engaging in trading activities.