GBPUSD Entered 26/1/21
The two positions I entered as it broke the downtrend trendline on the 15 min time frame and started to form a bullish flag continuation pattern.
I feel like I entered a bit too early as I could have waited at the bottom of the flag to catch more pips, nonetheless it also broke above previous structure for continuation upwards.
Looking to enter another position if it retests this structure.
On the 4 hour, as stated in my previous analysis linked, it closed with a large wick rejection at the key level (purple box) and bounced off the green bullish channel (4 hour).
Targeting around 1.37200 or near the top of the green outer channel for sells to the downside.
Ideas/opinions would be very much appreciated as I am new to this so any feedback will be taken into consideration!
I feel like I entered a bit too early as I could have waited at the bottom of the flag to catch more pips, nonetheless it also broke above previous structure for continuation upwards.
Looking to enter another position if it retests this structure.
On the 4 hour, as stated in my previous analysis linked, it closed with a large wick rejection at the key level (purple box) and bounced off the green bullish channel (4 hour).
Targeting around 1.37200 or near the top of the green outer channel for sells to the downside.
Ideas/opinions would be very much appreciated as I am new to this so any feedback will be taken into consideration!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.