So, GBPUSD we can see that we had a nice bearish trend (which its still being respected) and also a bullish trend.
You can see that the bullish trend broke and then price pushed up. On the push up we can see that this retested that bullish level and also came in line with the bearish trend. Those two confluences alone we would have looked to enter this trade but along with the stochastic below you'll be able to see it shows as over bought around the same time which is another indication of where we can expect price to go.
It really is that simple!
Drop me a message if you require any help :)
You can see that the bullish trend broke and then price pushed up. On the push up we can see that this retested that bullish level and also came in line with the bearish trend. Those two confluences alone we would have looked to enter this trade but along with the stochastic below you'll be able to see it shows as over bought around the same time which is another indication of where we can expect price to go.
It really is that simple!
Drop me a message if you require any help :)