I'll be scouring the charts for "actionable masterpieces". These will be signficant chart patterns or set-ups that I feel are not only tradeable, but also have a high probability of making big profits with little risk. Whenever I spot an "actionable masterpiece", I will post an annotated chart (my chart art) along with an explanation. My goal is to help you learn how to spot these low ocurring but highly profitable "actionable masterpieces" yourself.
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This pair dropped like a rock after the MPC cut rates to 5.5% but with the formation of a doji and the presence of bullish divergence, I feel a short-term bottom might be in place.
I'm going to buy now at 2.0275. My stop loss (SL) will be 2.0175, below its spike low. My profit target (PT) will be 2.0490.
Buy GBP/USD @ 2.0275 | SL: 2.0175 | PT: 2.0490
