moorekapital
Long

GBPUSD: HIGHER LOW MAJOR TREND REVERSAL IN PLAY

FX:GBPUSD   British Pound / U.S. Dollar
203 5 7

1. HH MTR             = DB
Sell Climax
Prior Uptrendline Breakout
Breakout Limit
Higher Low Major Trend Reversal = Almost A Double Bottom

2. Price Is Trending Up = Higher Highs + Higher Lows

3. Mode Is Building = Bulls Are Accumulating For Long . 5 Bar Currently...

4. Price Continues To Stay Above 50EMA = A Sign Of Bullishness

Until Then.....

Sharp Sharp , And God Bless!

If EURGBP reverses, this pair will be weaker than EURUSD. (I think it will)
Reply
moorekapital IvanLabrie
Pullback most likely, imho
Reply
IvanLabrie moorekapital
The weakness is done it seems.
Reply
moorekapital IvanLabrie
Mode has since, increased to 13, If I'm not mistaken
Reply
IvanLabrie moorekapital
Yes, correct, but there is an even larger daily mode with more than 20 bars, hence my weekly setup.
I'm entering aggressively using a 3 bar range breakout and retracement, r/r is more than 7:1 for it, but lower probability.
You can take the daily time at mode breakout but I prefer to scale in on the weekly range expansion signal in my chart.
Target is huge anyway.
+1 Reply
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