Reasons for entry:
1. Falling wedge formation.
2. 1H Hammer bounce off a very strong resistance-turned-support level.
3. 4H Inverted Hammer bounce off that same level.
4. Conservative break-bounce of strong resistance level.
5. GBPUSD in an uptrend already.
6. Biden likely to spend to repair the economy resulting in a weaker dollar.
Let's see how it goes...
1. Falling wedge formation.
2. 1H Hammer bounce off a very strong resistance-turned-support level.
3. 4H Inverted Hammer bounce off that same level.
4. Conservative break-bounce of strong resistance level.
5. GBPUSD in an uptrend already.
6. Biden likely to spend to repair the economy resulting in a weaker dollar.
Let's see how it goes...
Trade closed: stop reached
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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.
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.