$100k Challenge - GBPUSD Long - E7 T1 - Trade follow-up
Hey everyone!
Following up with the running GBPUSD long trade, I made some notes on my journal, here they are, enjoy!
Trade Followup Notes
Lack of follow-through signals a potential strong presence of supply around the newly formed support area, however, H4 shows strong signs of consolidation which backs-up the idea of a continuation as long as the support remains valid.
The triangle seems to be breaking to the downside, but the support is older and the price hasn’t made any significant bearish run to suspect a potential fake breakout
Following up with the running GBPUSD long trade, I made some notes on my journal, here they are, enjoy!
Trade Followup Notes
Lack of follow-through signals a potential strong presence of supply around the newly formed support area, however, H4 shows strong signs of consolidation which backs-up the idea of a continuation as long as the support remains valid.
The triangle seems to be breaking to the downside, but the support is older and the price hasn’t made any significant bearish run to suspect a potential fake breakout
