GBPUSD Long 4HR Setup
On GBPUSD 4hr setup, this pair is still on a bullish trend and recently closing above weekly resistance.
1.GBPUSD has formed a bullish flagpole and has retraced back to higher low which correlates to the 50% on the fibbonacci retracement.
2.Im expecting to go long on this pair as long as the daily/4hr zone will show a bullish confirmation around current zone on the smaller timeframe.
3.Keep in mind that no 4HR/daily structure has not been broken as yet so i will be expecting a continuation for longing this pair.
1.GBPUSD has formed a bullish flagpole and has retraced back to higher low which correlates to the 50% on the fibbonacci retracement.
2.Im expecting to go long on this pair as long as the daily/4hr zone will show a bullish confirmation around current zone on the smaller timeframe.
3.Keep in mind that no 4HR/daily structure has not been broken as yet so i will be expecting a continuation for longing this pair.
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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.