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ForexGuest
Nov 27, 2022 12:35 AM

GBPUSD LONG Long

British Pound/U.S. DollarFXCM

Description


Daily

1. Kumo Cloud is Green
2. Kumo Cloud is Wide
3. Tekan Sen is pointing up
4. Chicko above Price

4HR

1. Kumo is Green
2. Gold Cross
3. Chiko Above Price

1HR

1. Kumo is Green
2. Kumo is Wide

Price Action

1. Fibonacci Level bounce off 50.0-%
2. Price has formed ascending channel and is approaching 4HR resistance

Possible Trade Scenario

1. Expect PRICE to retrace and reject on 4HR Kijun Sen.
2. Expect PRICE to break and close above 4HR resistance line on 1HR Time Frame and head to TP1 / TP2 (-27.00%/-61.80%)

Trade closed: target reached

Comments
TheFxAce
great breakdown ☺️
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