Market Structure: Uptrend
Area of Value: Breakout of Resistance
Entry: Bullish candle on break out
Exit if Right: Tranches can be trend following
Exit if Wrong: 1 ATR below previous resistance that is now acting as support
RRR: 1:2
Confluence: Break of EMA50 on H4
GBPUSD
Area of Value: Breakout of Resistance
Entry: Bullish candle on break out
Exit if Right: Tranches can be trend following
Exit if Wrong: 1 ATR below previous resistance that is now acting as support
RRR: 1:2
Confluence: Break of EMA50 on H4
GBPUSDTrade closed: target reached
Closed Half the position on TP1. The other half was closed on SL. This is a WIN
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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.