Price is above the EMA on the 4H and 1H.
Price is just below on the 15M.
The market is in an overall uptrend but is currently in a retracement as it is bucking the trend.
Fundamentally, it is important to buy the dips in an uptrend and sell the rallies in a downtrend.
In conclusion, this would be the perfect setup to buy the dip based on the 15M Chart.
Buy...
London Daybreak
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Pre-screen the market at least an hour before the London Open (7:00am Greenwich)
Currency Pair: GBPUSD
Chart Used: M15
My Time: 2:00am Chicago
ENTRY
Price action dropped BELOW the MA Line (Short Signal)
Check the direction of the trend just before the market opens on MACD to confirm a sell signal
EXIT
Use your desired...