GbpUsd Long position confluence Trades
Updated
Strong weekly Bullish candle from the previous week. Broke Monthly 1.300 Level. Daily retest of key level. trading above 200 EMA (4hr). Currently retesting structure. I see a few wicks indicating weakness respecting 20 EMA (1hr). Need a reversal signal 30 min , 15 min, looking for entry at last resistance which is now support. Lines up with our Fib Level. Split Lot size if we have a small draw down to next Fib, we will Re enter.
Trade active
1 Hr closed bullish . Entered on that close. Respected EMA 20 in lower time frame. Trade Active Stop Loss 1.3090
Tp1: 1.31615 / Tp2 : 1.3180 / Tp3: 1.32075
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