GBPUSD, 4hr tf, ascending channel breakout
Hello my friends,
Another setup coming to all of you is GBPUSD pairs.
As you can see GBPUSD has been moving inside ascending channel for 1 month since September 22nd.
Yesterday we finally see price breakout of it with a solid candle close on 4hr tf.
The daily chart also show that price close below it on daily closing basis.
I am gonna sell GBPUSD on the retest of those channel.
Notice there is now also a horizontal level which has turned into resisance.
This 1.3000 area is now a resistance and we could say this is an area of confluences as there is so many resitance right now at his area.
Sell limit GBPUSD 1.3010
Stop loss 1.3075
Take profit 1.2815
RR ratio 1 : 3 (3R)
Use only 1-2% risk
Good luck
Another setup coming to all of you is GBPUSD pairs.
As you can see GBPUSD has been moving inside ascending channel for 1 month since September 22nd.
Yesterday we finally see price breakout of it with a solid candle close on 4hr tf.
The daily chart also show that price close below it on daily closing basis.
I am gonna sell GBPUSD on the retest of those channel.
Notice there is now also a horizontal level which has turned into resisance.
This 1.3000 area is now a resistance and we could say this is an area of confluences as there is so many resitance right now at his area.
Sell limit GBPUSD 1.3010
Stop loss 1.3075
Take profit 1.2815
RR ratio 1 : 3 (3R)
Use only 1-2% risk
Good luck