Looking for a potential long on GBPUSD.
Still awaiting confirmation but these are the key confluences so far and the key confluences i will be looking for prior to an entry:
Key Confluences:
Daily rejection from 61.8% retracement.
Yellen speech on Friday caused dollar to weaken in anticipation for rate hike
Entry Criteria:
Wait for a break and retest of 1.23400 support/resistance level
1.23400 also coincides with 50% fib retracement,
MA crossover on lower time frames
For more trading related content check my instagram out - tag in my BIO.
Still awaiting confirmation but these are the key confluences so far and the key confluences i will be looking for prior to an entry:
Key Confluences:
Daily rejection from 61.8% retracement.
Yellen speech on Friday caused dollar to weaken in anticipation for rate hike
Entry Criteria:
Wait for a break and retest of 1.23400 support/resistance level
1.23400 also coincides with 50% fib retracement,
MA crossover on lower time frames
For more trading related content check my instagram out - tag in my BIO.
