British Pound / U.S. Dollar
Long
Updated

GU Buy

4HR: Price is trending downward but hit a double bottom and broke through the trendline for the buy.

1HR: Price was trending downward and hit -61.8 on the 1HR FIB, near previous support and monthly trendline

CURRENTLY: I am looking for price to test the monthly trendline, break and retest the minor trendline for the buy and make it's way back to the 1HR trendline, near previous support/resistance

(80 pips)
Order cancelled
Price broke through monthly trendline, so I did not enter this trade. I will revisit once downward momentum has slowed

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