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Segun96
Nov 21, 2020 7:41 PM

GBP/USD LONG Long

British Pound/U.S. DollarFXCM

Description

Daily market has been making higher highs forming a daily channel. The 4hr market has been making higher highs and higher lows. The 4hr market has also retested from a 4hr 50% fib support level (at the blue daily zone).

These are bullish indications.

Confirmations:
Trade 1: Candlestick confirmation upon formation on a new higher low in the 1hr chart at the daily zone ( lower blue zone).
Trade 2: Bullish candlestick confirmation upon close past the 4hr zone (upper blue zone).

Trade:
Trade 1: At close of candelstick confrimation (bullish marabozou, shooting star, hammer etc.)
Trade 2: At close of candelstick confrimation (bullish marabozou, bullish engulfing).
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