GBPUSD_3rd Week of Dec 2021
Bullish indication at the break of trendline, key stucture and moving average
Price may retest at the previous support potentially double bottom pattern which will give us ideal RR ratio (wait for the price action at that level)
Using simple entry technique
Step 1:
Waiting for the price to break the correction trendline
Step 2:
Waiting for HH & HL structure (Best if the price retest at the break of structure level)
Step 3:
Entry point after 2 items above has fully satisfied with SL below the lowest candle. Use any indicator that suits you
Price may retest at the previous support potentially double bottom pattern which will give us ideal RR ratio (wait for the price action at that level)
Using simple entry technique
Step 1:
Waiting for the price to break the correction trendline
Step 2:
Waiting for HH & HL structure (Best if the price retest at the break of structure level)
Step 3:
Entry point after 2 items above has fully satisfied with SL below the lowest candle. Use any indicator that suits you
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