GBPUSD Long
Direction: - GBPUSD had Bullish Momentum, and was in a Bullish Cycle.
- The OrderFlow was seen as Bullish and when trade, the pair was in a Bullish OrderBlock on the H4.
Entry: - W (Double Bottom) Pattern Formation seen, indicating price will rise.
- Divergence and Shark-fin (RSI crossing Volatility Bands) seen, indicating the pair will probably go long.
- RSI was below the 32, indicating the pair was oversold.
- The RSI crossed the MBL (Market Base Line) which was pointing upwards, indicating price is going to continue rising.
- The candle of entry crossed and closed above the 13 EMA showing a continued rise.
Exit: - 25 pip SL @ just below YL (Yesterday's Low).
- 37 pip TP 1 @ just below YH (Yesterday's High).
- 55 pip TP 2 @ RSI, Signal Line Cross below.
- 80 pip TP 3 @ 13 EMA Cross below.
Direction: - GBPUSD had Bullish Momentum, and was in a Bullish Cycle.
- The OrderFlow was seen as Bullish and when trade, the pair was in a Bullish OrderBlock on the H4.
Entry: - W (Double Bottom) Pattern Formation seen, indicating price will rise.
- Divergence and Shark-fin (RSI crossing Volatility Bands) seen, indicating the pair will probably go long.
- RSI was below the 32, indicating the pair was oversold.
- The RSI crossed the MBL (Market Base Line) which was pointing upwards, indicating price is going to continue rising.
- The candle of entry crossed and closed above the 13 EMA showing a continued rise.
Exit: - 25 pip SL @ just below YL (Yesterday's Low).
- 37 pip TP 1 @ just below YH (Yesterday's High).
- 55 pip TP 2 @ RSI, Signal Line Cross below.
- 80 pip TP 3 @ 13 EMA Cross below.