Bullish daily setup of GBPUSD(1.3742-1.3676), alert required
Weekly: strong bullish
Daily: we got a lot to support this bullish setup, flip & moving average & demand zone. The target is 1.4
The issue is that the zone is a bit wider. The 65 bps stop loss is almost the double of my normal setup. So, set the alert and watch the price action is necessary.
Trigger: price reaction on the 60m TF, e.g. double bottom, bullish engulfing...
Daily: we got a lot to support this bullish setup, flip & moving average & demand zone. The target is 1.4
The issue is that the zone is a bit wider. The 65 bps stop loss is almost the double of my normal setup. So, set the alert and watch the price action is necessary.
Trigger: price reaction on the 60m TF, e.g. double bottom, bullish engulfing...
Comment:
okie, the daily day touched and triggered the alert. Let's zoom in the smaller timeframe. Dollar index seems pretty strong. Be cautious of the long setup.
Comment:
got some response inside the zone.
plan your trade and trade your plan