Dike-fx

GBPUSD H4 BULLISH MOVE

Long
PEPPERSTONE:GBPUSD   British Pound / U.S. Dollar
Bias == Bullish
Confluences:
  1. Breaker Retest > price has found support at a 1.2400 level which lies within a supply area and a bearish order Block that's being retested after price broke above it.
  2. MBL Bounce on TDI > The TDI line and signal line have both bounced off the market baseline (yellow) and Market Baseline itself is slanting upwards indicating a bullish overall trend on the 4 hr timeframe.
  3. TDI cross signal > The RSI line ( green) has crossed above the signal line (red). This is a strong TDI signal for a long entry.
  4. Price is trading above the 13 EMA

Target Levels :
  • 1.2600 > Fvg
  • 1.2650 > Fvg
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