GBPUSD POTENTIAL LONG OPPORTUNITY (4H & 1D CHART)
GBPUSD POTENTIAL LONG OPPORTUNITY
OKAY SO AFTER LOOKING AT THIS CHART GBPUSD IS DISPLAYING SOME SIGNS OF A BUYER PUSH TO THE UPSIDE. IF YOU TAKE A LOOK AT THIS 4H CHART YOU CAN SEE HOW PRICE FAILED TO MAKE NEW LOWS BELOW THE 1.20500-1.2100 PRICE LEVELS WITH A DISPLAY OF STRONG BUYER MOMENTUM AS WELL. MOMENTUM IS A KEY INDICATOR FOR WHOS INTEREST IS IN THE MARKET. IVE LEARNED THAT IT DISPLAYS WHO HAS INTEREST IN THE MARKET AND SINCE WE ARE LOOKING TO EXTRACT PROFIT FROM THE MARKETS WE NEED TO FOLLOW THOSE WHO ARE PROFITABLE (THE ONES MOVING THE MARKET). WE ARE LOOKING FOR PRICE TO HOLD ABOVE THE 1.2100-1.21100 HANDLE WITH DECENT BUYER MOMENTUM FOR THIS TO BE A HIGHER PROBABLE PUSH TO THE UPSIDE. WATCH THIS PULLBACK AND LOOK FOR STRONG BUYER MOMENTUM FOR A GOOD RISK/REWARD RATIO SETUP AS WELL AS A DECENT ENTRY ZONE. KEEP AN EYE OUT AND LETS SEE HOW IT WANTS TO PLAY OUT!
CHEERS! PLEASE LIKE AND FOLLOW MY PAGE FOR MORE PROFITABLE SETUPS !!
**REMEMBER TO ALWAYS USE PROPER RISK MANAGEMENT
OKAY SO AFTER LOOKING AT THIS CHART GBPUSD IS DISPLAYING SOME SIGNS OF A BUYER PUSH TO THE UPSIDE. IF YOU TAKE A LOOK AT THIS 4H CHART YOU CAN SEE HOW PRICE FAILED TO MAKE NEW LOWS BELOW THE 1.20500-1.2100 PRICE LEVELS WITH A DISPLAY OF STRONG BUYER MOMENTUM AS WELL. MOMENTUM IS A KEY INDICATOR FOR WHOS INTEREST IS IN THE MARKET. IVE LEARNED THAT IT DISPLAYS WHO HAS INTEREST IN THE MARKET AND SINCE WE ARE LOOKING TO EXTRACT PROFIT FROM THE MARKETS WE NEED TO FOLLOW THOSE WHO ARE PROFITABLE (THE ONES MOVING THE MARKET). WE ARE LOOKING FOR PRICE TO HOLD ABOVE THE 1.2100-1.21100 HANDLE WITH DECENT BUYER MOMENTUM FOR THIS TO BE A HIGHER PROBABLE PUSH TO THE UPSIDE. WATCH THIS PULLBACK AND LOOK FOR STRONG BUYER MOMENTUM FOR A GOOD RISK/REWARD RATIO SETUP AS WELL AS A DECENT ENTRY ZONE. KEEP AN EYE OUT AND LETS SEE HOW IT WANTS TO PLAY OUT!
CHEERS! PLEASE LIKE AND FOLLOW MY PAGE FOR MORE PROFITABLE SETUPS !!
**REMEMBER TO ALWAYS USE PROPER RISK MANAGEMENT
Comment:
Strong buyer interest/momentum on Daily timeframe. Watch for move to upside ! Cheers!
Comment:
GBPUSD continuing to move to the upside with healthy buyer momentum, on the way to target Zone, cheers!
Comment:
Closed 50% of positions, holding other 50% with SL in profit. Good trade! Cheers!
Trade closed: target reached:
TRADE HIT UPSIDE TARGET ZONE! CHEERS! On to the next one!