Price is trapping sellers, on higher timeframes(daily and weekly price didn't form a reversal pattern, therefore projecting GBPXXX will make new highs. The fundamentals are solid, therefore we'll the mon-tue pullback as an induction for sellers.
Confirmations for entry:
1. EMA cross in 1hr TF
2. Retest of the 14 EMA
Confirmations for entry:
1. EMA cross in 1hr TF
2. Retest of the 14 EMA
Trade closed manually
target was 80 pips, target reached and the trade took me to step 2 of topstepfx funded trader
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.