GBPUSD H1 LONG PRICE ACTION FORECAST
After a strong rally by the bulls, the pair is finally showing a strong sign for a healthy correction. After spotting a clear bullish divergence with MACD in the H4 domain, zoom in to find an entry point for long setup in the H1 realm with the following features.
S/L: 54 pips – R:R | 1:2 –
T/P: towards previous strong support now acting as resistance, in confluence with the 200MA at the second support level
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