FUNTRADER-Vera

1404 4h plan GBPUSD buy for RR>5

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FX:GBPUSD   Libra Esterlina/Dólar Americano
Hello traders,

GBPUSD broke the green trend line on Tuesday. That is a basic requirement on our strategy. Another good news is that GBPUSD made a fake breakingthrough pin-bar to test the support zone on 4h chart WHICH IS HIGH LOW above the 4H SUPPORT 0 ZONE.

We have 4 4h resistance zone working as potential target on a 4h chart with potential Risk/Reward ratio higher up to 10.

But the most possible target should be 4H resistance 1 becoz it was test 5 times. If this trade closed eventually at that position, still got a Risk/Reward ratio higher up to 5. Still a good one to try.

That the 4h trading plan for GBPUSD.
Support me with likes and comment to let me know what other you are interesting in.

Good luck
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