POTENTIAL GBPUSD LONG TRADE

Traders! What is going on?🔥

This is analysis on GBPUSD. I’m expecting price to retrace back to 1.17500 (as shown by the arrows). When it does, I favour taking a long position with my first take profit at 1.18500.

A similar pattern did play out earlier on EURUSD. I’ll leave the link to that trade idea down below, feel free to check it out
Chart PatternsTrend AnalysisWave Analysis

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