GBPUSD LONG TRIGGERED!
Updated
-CLEAN BREAKOUT FROM THE 1H DOWNTREND TL
-RSI DIVERGENCE
-MY TARGETS ARE BASED ON OTHER RESISTANCES SUCH AS
BIGGER TIME FRAME TREND LINES (4H)
-WHEN PRICE CLOSE ABOVE THE EXTERNAL DOWNTREND LINE
IT COULD REACH THE LAST HIGH AND MAYBE MAKE A NEW HH
(WE ARE IN WEEKLY PENNANT MADE BY HIGHER LOWS AND
LOWER HIGHS).
-RSI DIVERGENCE
-MY TARGETS ARE BASED ON OTHER RESISTANCES SUCH AS
BIGGER TIME FRAME TREND LINES (4H)
-WHEN PRICE CLOSE ABOVE THE EXTERNAL DOWNTREND LINE
IT COULD REACH THE LAST HIGH AND MAYBE MAKE A NEW HH
(WE ARE IN WEEKLY PENNANT MADE BY HIGHER LOWS AND
LOWER HIGHS).
Trade closed: target reached
The first target was reached (the internal trend line). I did not take profit, just moved my sl to breakevenNote
Price is actually facing the external trend line resistance... if we have a close above it, price will get much higher.Trade with care!
Trade closed manually
closed at BE
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