GBPUSD has made an overall bullish trend on higher timeframes.
I expect price to retest previous support(A) and bounce back to the historical demand zone(B).
For entry wait for the following confirmations when price hits the demand zone (B).
RSI confirmation (Wait to see if price breaks zone B or rejects again.)
Moving averages.
Engulfing candles
Momentum candles
Doji rejection candles.
I expect price to retest previous support(A) and bounce back to the historical demand zone(B).
For entry wait for the following confirmations when price hits the demand zone (B).
RSI confirmation (Wait to see if price breaks zone B or rejects again.)
Moving averages.
Engulfing candles
Momentum candles
Doji rejection candles.
Nota
Now approaching Zone A. Look at 15m and 1H to spot candles indicating bullish comeback.
Rejection candles essential for great entry
Nota
Good morning Guys! Zone A rejection starting! Remember do not enter until the above confirmations are all in place. Gbpusd is a volatile pair!Looking for an entry after an engulfing momentum candle or a three line strike with snipers!
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.