Optimum369

20 REASON FOR BUY GBPUSD

Long
FX:GBPUSD   British Pound / U.S. Dollar
🤑TOP DOWN ANALYSIS OVERVIEW🤑
🧐Eagle eye: structural Down
Monthly : structure extreamly bear but there are lot of weakness in monthly candle patterns last month is inside bar 😲insidebar😲 current forming 👎doji😲
weekly : a big Imbalance after it prices are going down and down 🥺
so the bigger picture is not clear and in bulls favor


1 Structure analysis time frame :DAILY Bullish ABCD
2 target time frame :DAILY
3 Current Move :IMPULSE
4 Entry Time Frame : H1
4.1 Entry TF Structure: BULL LOWER HIGH
4.2 entry move : IMPULSE
5 Support resistance base :H1 BULL ORDER BLOCK\
6 FIB: WAIT TILL TRIGGER EVENT
7 candle Pattern: WAIT REVERSAL
8 Chart Pattern: CIP CHANGE IN POLARITY
9 Volume : DRIED RIGHT NOW SO REVERSAL IS EXCEPTED
10 Momentum UNCONVENTIONAL Rsi: sUPER BULLISH ZONE NEED A RANGE SHIFT CONFIRMATION
11 Volatility measure Bollinger bands: VOLATILITY DIVERGENCE
12 strength ADX: SIDEWAYS
13 Sentiment ROC: BEARISH
14 final comment : LONG AT RETRACEMENT
15 : decision : BUY
16 Entry: 1.1260
17 Stop losel: 1.1140
18 Take profit: 1.2044
19 Risk to reward Ratio: 1:7🥰
Excepted Duration : 10🥰

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