Short term trade on GBPUSD
Confluence factors
- Rejection of trend line
- Rejection of .5 weekly fib
- MACD divergence
- Rejection of W200 EMA
Take profit where the 200 EMA, trendline, and .5 daily fib converge.
Approximately 1.4 R/R
WAITING FOR RETEST OF 95.5 / 20 EMA
Rejection of D50/60 EMA
Rejection of D200/250 EMA
Rejection of W50/60 EMA
Rejection of trend line
Rejection of 94.5 daily level
D50/60 EMA crossing over D200/250 EMA
First potential TP at 97.0 daily level for 1.19 RR
Second potential TP at trend line resistance for 1.72 RR
