GBPUSD Long Update
GBPUSD looks to be starting a small reversal to return to the extreme of the leg on the daily chart.
I want to see the 4h LH broken before price moves back down to our entry levels breaking the double bottom that's almost formed on the hourly.
Trading opportunities will be:
Long entries are 10:1 and 14:1 making this a very high reward trade opportunity.
Follow for more updates.
I want to see the 4h LH broken before price moves back down to our entry levels breaking the double bottom that's almost formed on the hourly.
Trading opportunities will be:
- Long trades targeting the 2 1h POI zones above 4h LH (these are higher risk trades).
- Short trades after the 4h LH has been broken to the long trade entry zone.
- 2 long entries.
Long entries are 10:1 and 14:1 making this a very high reward trade opportunity.
Follow for more updates.
Comment
Price has broken 1h structure. 2 long entry opportunities, one on 15m chart using 8:00 candle and one on 10m chart using same 8:00 candleComment
4h LH broken signalling a reversal on the 4h chart. Now I want price to move back down to the entry zone before going long. I am now moving onto the second set of trading opportunities looking for short trades from the 2 1h POIs.
Related publications
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.