GBPUSD_4th Week of Nov 2021
We have USD index made a significant bearish move last Friday and GBP index currently at 61.8% correction level
We need to see USD index to continue bearish next week and GBP index to spike from the correction level before we consider to go Long on GBPUSD
Using simple entry technique
Step 1:
Waiting for the price to break the correction trendline
Step 2:
Waiting for HH & HL structure (best to look for price to pullback after breakout happen)
Step 3:
Entry point after 2 items above has fully satisfied with SL below the lowest candle. Use any indicator that suits you
We need to see USD index to continue bearish next week and GBP index to spike from the correction level before we consider to go Long on GBPUSD
Using simple entry technique
Step 1:
Waiting for the price to break the correction trendline
Step 2:
Waiting for HH & HL structure (best to look for price to pullback after breakout happen)
Step 3:
Entry point after 2 items above has fully satisfied with SL below the lowest candle. Use any indicator that suits you
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