GBPUSD Long | 1H
Updated
Reasons for entry:
1. Falling wedge formation.
2. 1H Hammer bounce off a very strong resistance-turned-support level.
3. 4H Inverted Hammer bounce off that same level.
4. Conservative break-bounce of strong resistance level.
5. GBPUSD in an uptrend already.
6. Biden likely to spend to repair the economy resulting in a weaker dollar.
Let's see how it goes...
1. Falling wedge formation.
2. 1H Hammer bounce off a very strong resistance-turned-support level.
3. 4H Inverted Hammer bounce off that same level.
4. Conservative break-bounce of strong resistance level.
5. GBPUSD in an uptrend already.
6. Biden likely to spend to repair the economy resulting in a weaker dollar.
Let's see how it goes...
Trade closed: stop reached
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