GBPUSD waiting supply zone Entry

GBPUSD waiting for supply zone Entry

The following conditions will be properly checked before we execute the trade on supply zone (see Fig. 9.4-6) in our trading manual
1) Identification if the current of the assert price direction is an uptrend in the higher time frame (HTF, H1, 4H, or 1D).
2) Identify a supply zone at the left side of the chart that has the following characteristics.
1.2 Quick and strong price expansion from a recent consolidation price.
1.3 Candles that made up the price consolidation should not be more than six (6) candles before the price strong expansion of the bearish move.
1.4 The supply zone should be fresh with a fair value gap (FVG) that has not been tested recently;
1.5 The last bullish candle before the expansion occurred should be engulfed with a bearish candle.
1.6 The last bullish candle in the zone before the expansion should be either in-line with or near Fib. Retracement 0.88%, 0.79% or 0.62%, and at the low of curve cup.
3) Draw a distal and proximal horizontal on the last bullish candle using Gann Box preferably.
4) Zoom to 5M chart to refine the zone for proper entry.
5) Set up sales order at 50% of Gann Box with the stop loss (SL) at the distal line