Happy new year, yesterday was my first day back to the charts for the new year. Hope you all had an amazing Christmas.
Kicking off my first post of the year with this GBP/USD set up.
(H4) - We are pushing into resistance on this pair for the 3rd time and I am expecting price to break out, regardless if this is a true or false breakout we can hopefully pull some profits from the market.
(M15) - As we are looking to capitalise on higher time frame momentum I want to see price begin to break the resistance and produce a wick to the upside. I will then be waiting for price to create a small pullback with a wick and then enter on the break of the previous candle high with stops below the key level.
What are your thoughts on this?
Kicking off my first post of the year with this GBP/USD set up.
(H4) - We are pushing into resistance on this pair for the 3rd time and I am expecting price to break out, regardless if this is a true or false breakout we can hopefully pull some profits from the market.
(M15) - As we are looking to capitalise on higher time frame momentum I want to see price begin to break the resistance and produce a wick to the upside. I will then be waiting for price to create a small pullback with a wick and then enter on the break of the previous candle high with stops below the key level.
What are your thoughts on this?