TradingView
Blue_Paper_Billionaire
Apr 19, 2023 4:06 AM

4.18.23 GBP/USD Long

British Pound/U.S. DollarFXCM

Description

$) All of GBP/USD is very much bullish, going all the way as far as last month's bullish engulfing candle close.

$) GBP/USD has maintained bullish momentum for the last 6-8 weeks

$) Double Bottom formed on the 4.17.23 daily candle close

$) Bullish structure is being maintained. clearest on the 4H TF

$) price action formed a new high on the 1H TF , and what we are witnessing here is the pullback / market correction / counter trend. (all three are the same thing)

$) price has closed above 100 Moving average on the 30m TF

$) waiting for a break of my counter trend line to place a buy entry
More