GBPUSD
Here we have a nice simple setup for GU.
A major higher low has been broken on the 4hr and 1hr chart!
Divergence on both charts also!
It has pushed back for liquidity and printed a lower high!
Triangle has been broken!
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Trade Smart
A major higher low has been broken on the 4hr and 1hr chart!
Divergence on both charts also!
It has pushed back for liquidity and printed a lower high!
Triangle has been broken!
If you have found this analysis beneficial then like this post and follow my page
Trade Smart
Note
Going to close my trade out at 21915, just over a 3/1 profit as its running out of steam and could do with a pullback before continuing.Note
So the trade has hit my take profit and I closed the trade. This pair is completely bearish just like predicted and will continue bearish!What I'm looking for now is a sign of weakness, an area of confluence, divergence, candle formation and I am happy to scalp the pullback.
(we are in an area now) #TradeSmart
Note
Major market news came in for USD and pushed the pair to my end goal. I did get out a bit earlier but at the end of the day I'm in profit. I will never trade major news releases!
Lets see what profitable trades will come next week for this pair!!
#like and follow for more trades
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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.