GBPUSD , Will it give us a pull back?!
Updated
WE can see 5 upward signals
1. 4h upward Channel
2. symmetrical Triangle upward breakout
3. 4h Resistance Zone
4. Monthly Pivot R1 (Traditional) breakout
5.Moving average EMA (20, 50, 100) , SMA (200 ) upward 4h
If I see a weak pull back in 1h I will go for a long position with 1:2 ratio
1. 4h upward Channel
2. symmetrical Triangle upward breakout
3. 4h Resistance Zone
4. Monthly Pivot R1 (Traditional) breakout
5.Moving average EMA (20, 50, 100) , SMA (200 ) upward 4h
If I see a weak pull back in 1h I will go for a long position with 1:2 ratio
Trade closed manually
I hope you didn't execute the order, because we didn't see a weak pull back . If you did it ,as we have an inverted hammer in 4h the price might gives you another chance to close the position in break even point now.Note
If today's daily candle with previous candle make a Harami pattern , we might have a bearish momentum for next day too.
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