GBP/USD - 21/03/2022
Updated
H1 Timeframe
Price reacting off a hidden demand level. We look to be continuing this bullish momentum to the upside.
M15 Timeframe
Price is now pulling back on a LTF perspective and hopefully setting the next continuation phase. Now we have broken back above structure I will be waiting for a retest of support to act as a breakout, break back in trade.
GBPUSD
Side note: I am currently jumping on the wave of the smart money concept. I know there is a lot of mixed opinions within the industry about this but with so many trading strategies as long as your making a return I don't really see the problem. I will be continuing with my original momentum strategy as well as smart money on the side until I have enough data to review if I will be making the switch. I actually just missed being tapped into this trade by a pip with only a 3 PIP stop loss and a 15R potential! This before would have been unimaginable from my current strategy and have already boosted my return by over 40%. I will keep you all updated.
Price reacting off a hidden demand level. We look to be continuing this bullish momentum to the upside.
M15 Timeframe
Price is now pulling back on a LTF perspective and hopefully setting the next continuation phase. Now we have broken back above structure I will be waiting for a retest of support to act as a breakout, break back in trade.
GBPUSDSide note: I am currently jumping on the wave of the smart money concept. I know there is a lot of mixed opinions within the industry about this but with so many trading strategies as long as your making a return I don't really see the problem. I will be continuing with my original momentum strategy as well as smart money on the side until I have enough data to review if I will be making the switch. I actually just missed being tapped into this trade by a pip with only a 3 PIP stop loss and a 15R potential! This before would have been unimaginable from my current strategy and have already boosted my return by over 40%. I will keep you all updated.
Trade active
Scratch that, we got the pullback!
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