FX Chance Currency Next Week 26.10.24 GBPUSD, Buy-the-Dule Waiting Zone in Pullback

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Every weekend I introduce one currency pair that seems to have a next-week opportunity based on a line I draw myself.

■ This Week's Focus: GBPUSD (4-hour chart)

・Scenario: Wait for a pullback to the “buy waiting zone” around 1.3275–1.3300, then buy after watching the price action (chart pattern)

・Exit rule: If the daily line around 1.3275 is clearly broken below, this scenario will be shelved

・Upper target: the 4-hour line around 1.3340

■ Last Week’s Answer

From this week, we will add a section to review with images how the lines drawn in the previous week actually performed.

（Since this is the first time, save this week's image and publish it from next week onward. Even lines that were off will be posted as-is）

■ This Week’s Chart (Overview)

Current location is,

・Current price is around 1.3375

・Daily chart shows the 5-wave decline ending around 1.3137, starting point of the rise (B0)

・4-hour chart shows waiting for a pullback after rising Wave 1. Upper-right B3 (aiming for upwave 3)

・ Purple box indicates the buy waiting zone (①)