GBPUSD Long Trade Idea

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Earlier this week I posted the GU short term short trade idea for the corrective move after last week's 5 wave leading diagonal
impulse move. With the fail to successfully retest the neckline of the double top formed within the leading diagonal, this is a
confirmation signal to me that the correction has been completed and now a continuation of the uptrend is nigh. Price
also appears to be traveling within a bullish channel, also encouraging looking for long opportunities.


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Targets:

1.29000
1.30000

These targets are projected as possible third wave ending levels. It will be interesting to see how this plays out.

Trade attivo
istantanea

Pending order triggered
Nota
istantanea
SL placed below invalidation level
Nota
istantanea

Moved SL to break even
Trade chiuso: obiettivo raggiunto
istantanea
Target 1 reached
Elliott WaveFibonacciParallel Channel

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