GBPUSD, 8hr tf, double bottom pattern mirrorring XAUUSD
Hello my friends,
Another trade ideas for today is GBPUSD pair.
As you can see GBPUSD chart looks exactly like XAUUSD.
XAUUSD has rallied for 750 pips in the last 2 weeks after hitting 1680 area twice.
I still think we could see further rally in XAUSD as the measured objective of XAUUSD pattern is around 1830.
In my opinion, we could see the same movement in GBPUSD and it is very worth to try buying it as well.
We might see double bottom at GBPUSD as well after price touching 1.3670 area for the second time.
The measured objective of GBPUSD double bottom should be at 1.4160-70 area
Buy GBPUSD 1.3720
Stop loss 1.3650
Take profit 1 at 1.3990 (3.8R)
Take profit 2 at 1.4160 (6.2R)
Use only 1-2% risk
Good luck
Another trade ideas for today is GBPUSD pair.
As you can see GBPUSD chart looks exactly like XAUUSD.
XAUUSD has rallied for 750 pips in the last 2 weeks after hitting 1680 area twice.
I still think we could see further rally in XAUSD as the measured objective of XAUUSD pattern is around 1830.
In my opinion, we could see the same movement in GBPUSD and it is very worth to try buying it as well.
We might see double bottom at GBPUSD as well after price touching 1.3670 area for the second time.
The measured objective of GBPUSD double bottom should be at 1.4160-70 area
Buy GBPUSD 1.3720
Stop loss 1.3650
Take profit 1 at 1.3990 (3.8R)
Take profit 2 at 1.4160 (6.2R)
Use only 1-2% risk
Good luck
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