GBP/USD Long Opportunity

10 de jul. de 2018

Daily closed very indecisive due to news release yesterday. However, despite that the bullish engulfing we had the day prior was still valid; Closing over Weekly support. Yesterdays candle failed to close back over so there must still be a lot more buyers than sellers currently in the market. M.A's on the Daily and H4 are still bullish and H4 structure is still intact. I had a trendline drawn on H4 supporting price that was strong enough to hold even through news yesterday and with the 4th touch delivering a bullish engulfing on the H1 and H2 TF's, this gave me all the confirmations needed to go long. 1:3 R:R