swissmoneymakers

GBPUSD - Quick Multiple Timeframe Analysis

Long
FX:GBPUSD   British Pound / U.S. Dollar
Hi Traders!
Here is a short mtfa Analyisis.

Let's begin with the Daily:


Here you can see the most important structure: It's the Trendline.
Let's move on to the H4-Timeframe:


There you can see the market was in two consolidation stages.
It broke out of them and is retesting them now.

Now the entry Timeframe:


We enter when the market breaks the high.
The SL is under the Breakout Area.
The TP is at the highest Top.

We recommend to trade the market with a Retest.




Thanks and successful Trading :)!

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