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Godfather-Pips
Feb 25, 2021 9:22 PM

GBP SETUP 1:6 Long

British Pound/U.S. DollarFXCM

Description

A general bullish trend has formed on the H4 timeframe.
The trend line was adjusted slightly to connect as many major bounce points as possible.
The slight dip below the trend line was regarded as an anomaly as it did not invalidate the uptrend.
Looking to go long after the next bounce which could possibly happen within the next 2 trading days.
Comments
Ravi20034
hit stop loss
Ravi20034
Good entry rn ?
Godfather-Pips
@Ravi20034, Well I'm hoping that the price will slowly descend down to the support level tomorrow so that I can take an entry on Monday.
Ravi20034
@Godfather-Pips for me it shows it hit the support
Godfather-Pips
@Ravi20034, Go for it and let me know how it goes!
Ravi20034
@Ravi20034 on the 4hr
Ravi20034
should bounce up soon
Ravi20034
@Godfather-Pips just entered hope it goes well 🤞🏼
Ravi20034
this could also be a downtrend so I just gotta hope it isn't
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