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...
4HR trendline was broken from NFP news that happened on last Friday with aggressive buying.
Waiting for price to mitigate a supply area and expecting to find positions on the 5/15 min timeframe with a bullish formation to buy from the 4HR zone break of structure expecting the continuation for long positions.
Head & shoulders pattern is formed on the 1HR TF followed by a break of structure at the neckline of head and shoulders
waiting for a bearish signal for me to sell down to the next potential lower low.
