Bullish Trend!
Finally, with a violation on the GBPUSD Weekly Chart, trend traders can now long the GBPUSD at ease.
I will wait for a retest at 1.2696 on the GBPUSD 4-hourly chart for a buying opportunity.
If you are waiting for a counter-trend trade, the safest way is to wait for a violation of the red trendline(left). Then wait for the retest on the red trendline. You have to make sure there isn't any violation that happens after the retest, that is when you can engage the trade after the Magic Candle Confirmation.
I will wait for a retest at 1.2696 on the GBPUSD 4-hourly chart for a buying opportunity.
If you are waiting for a counter-trend trade, the safest way is to wait for a violation of the red trendline(left). Then wait for the retest on the red trendline. You have to make sure there isn't any violation that happens after the retest, that is when you can engage the trade after the Magic Candle Confirmation.
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Live session & Trading Tips on the GO
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