Why are we entering? - Expecting GBP weakness and USD strength - Price is retesting our structure level & 0.618 fibonacci level
What are we waiting for to happen? - Break of ascending WFB trendline & 4HR EMA - Rejection of structure & 0.618 fibonacci level
Entry SAFE Entry: Break of WFB trendline with rejection from structure zone & 0.618 fibonacci level Risk Entry 1: Rejection from structure zone & 0.618 fibonacci level Risk Entry 2: Early break of ascending WFB trendline or 4HR EMA retest
What is our confirmation? - Break of WFB & EMA & rejection from our zone
Once entered, where will our Stoploss be? - Above the structure level (above 1.235) 30 pips - Move SL to BE after running 30 pips
Where do we take profits? - Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips) - Final TP - Lower structure level / Point B: 1.195 (370pips)
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