GBP/USD BUY SETUP. PRICE IS FINDING SUPPORT ON THE UPTREND AND MONTHLY SUPPORT.
THESE ARE THE CONFIRMATIONS I'M WAITING FOR.
-CANDLE TO FINISH OUTSIDE THE SMALLER COUNTER DOWNTREND.
-IF IT CONTINUES TO BREAK THE UPTREND I'D BE LOOKING FOR A BREAK-RETEST ON THE DOWNTREND.
THESE ARE THE CONFIRMATIONS I'M WAITING FOR.
-CANDLE TO FINISH OUTSIDE THE SMALLER COUNTER DOWNTREND.
-IF IT CONTINUES TO BREAK THE UPTREND I'D BE LOOKING FOR A BREAK-RETEST ON THE DOWNTREND.
Trade active
+73 pips, let's see if it breaks the downtrend and continues momentum to the upside.Trade closed: target reached
1st entry: + 270-300 pips2nd entry: + 200-250 pips
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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.