Hello everyone this is my idea for GBPUSD on daily time frame ..
I am bullish on the Pound bearish on USD so I will try to locate the best buying opportunity for good entries for best R:R
Our plan below ..
We buy from black line to target red line as long as black line hold ( no daily candle close below )
We buy from green line to target black or red line as long as green line hold ( no daily candle close below )
We buy if red line breaks = daily candle close above as long as red line hold ( no daily candle close above ) target 1.45
another thing to support our thesis ( RSI indicator red line breaks )
for any question feel free to ask :)
.
I am bullish on the Pound bearish on USD so I will try to locate the best buying opportunity for good entries for best R:R
Our plan below ..
We buy from black line to target red line as long as black line hold ( no daily candle close below )
We buy from green line to target black or red line as long as green line hold ( no daily candle close below )
We buy if red line breaks = daily candle close above as long as red line hold ( no daily candle close above ) target 1.45
another thing to support our thesis ( RSI indicator red line breaks )
for any question feel free to ask :)
.