possible buy setup on GBPUSD
AO showed bullish divergence, AO is above zero line, bullish engulfing candle ,price created a demand below.....this could be a possible retracement so breakeven when neccessary and observe nearest supply area
Order cancelled
it does not need to hit your stoploss...trade is invalidated....AO crosssed below zero line, this shows sellers still in charge...i closed with a 26 pips loss
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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.