GBPUSD Confirmed Upside potential big move
Fellow traders,
As I discussed earlier in another trade idea I said I was waiting on a 1 hour candle close above the 1.30758 level. We got that, I would have wanted a stronger close above it, but nonetheless it still closed above the 1.30758 level. This confirms for me that price changed into an up trend. I am looking to enter with my bigger size buying position.
I will however not yet enter. I will wait for atleast the 8 hour candle to close and enter on the nearest Demand zone on the higher timeframe.
As for targets, It's possible we would have some resistance at 1.31638 level. If we breach this with strength I am looking it to hold the trade to the 1.3245 level which is the next big Supply Zone.
As always stay safe and use proper risk management!
As I discussed earlier in another trade idea I said I was waiting on a 1 hour candle close above the 1.30758 level. We got that, I would have wanted a stronger close above it, but nonetheless it still closed above the 1.30758 level. This confirms for me that price changed into an up trend. I am looking to enter with my bigger size buying position.
I will however not yet enter. I will wait for atleast the 8 hour candle to close and enter on the nearest Demand zone on the higher timeframe.
As for targets, It's possible we would have some resistance at 1.31638 level. If we breach this with strength I am looking it to hold the trade to the 1.3245 level which is the next big Supply Zone.
As always stay safe and use proper risk management!
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