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JevanHayre
Mar 16, 2019 5:47 AM

-------------------4HR CHANNEL/ PPL SET-UP-------------------- Long

GBP/USDOANDA

Description

Additional lower timeframe confluences:

1) 30 min FIB retracement and notice any respect or rejection to key 61.8 level
2) 15 and 5min 14 and 50 Ema in your favour, or wait for a dynamic support/ resistance
3) 5min rejecting a PPL and RSI strength in your favour bounce off 30 or 70 level
4) At a point of lower time frame break/ push there will also normally be a 5min 14 EMA retest the same time as a minor correction
and good entry point if everything above lines up
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