I have a Bullish Stance on the GBPUSD...
- Price Divergence Between GBPUSD and EURUSD. EURUSD Made LL and GBPUSD made HL i.e. EURUSD took out Previous Week's LOW while GBPUSD didn't.
- Previous Day HIGH Broken - indicating higher price (or it might be a false break...)
- Retracement to Price Congestion Area (Purplish Area) Prior to the Breakout of price that takes out the Previous Day's HIGH
- 1:3+ RR (30pip SL and 90pip TP)
- TP Area Between 1.22400 and 1.22500 near a Previous Price Congestion Area (Purplish Area)
Use at own risk...Am a rookie!
- Price Divergence Between GBPUSD and EURUSD. EURUSD Made LL and GBPUSD made HL i.e. EURUSD took out Previous Week's LOW while GBPUSD didn't.
- Previous Day HIGH Broken - indicating higher price (or it might be a false break...)
- Retracement to Price Congestion Area (Purplish Area) Prior to the Breakout of price that takes out the Previous Day's HIGH
- 1:3+ RR (30pip SL and 90pip TP)
- TP Area Between 1.22400 and 1.22500 near a Previous Price Congestion Area (Purplish Area)
Use at own risk...Am a rookie!