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JenniferAgyeman
May 4, 2021 1:42 AM

GBPUSD 4HR TIMEFRAME 

GBP/USDOANDA

Description

Market Structure: Bullish

GBPUSD Is trading in the zone (in the green highlighted box), and I am waiting for a breakout to occur.

If it breaks the blue line (1.40080), then I'm waiting for buy pending orders. However, if it breaks the red line (1.36746), then I'm hunting for sell orders.

Market Structure is bullish, however, you'll never know what might happen in this market lol.

When a breakout happens, TP'S are in place. If price continues to go long, I'll add more TP'S when the breakout happens.

REMINDER: Always take profit/partial profit after TP1. Price majority of the time retraces to original entry, and continue to buy/sell onwards.
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