GBP/USD LONG
Daily market has been making higher highs forming a daily channel. The 4hr market has been making higher highs and higher lows. The 4hr market has also retested from a 4hr 50% fib support level (at the blue daily zone).
These are bullish indications.
Confirmations:
Trade 1: Candlestick confirmation upon formation on a new higher low in the 1hr chart at the daily zone ( lower blue zone).
Trade 2: Bullish candlestick confirmation upon close past the 4hr zone (upper blue zone).
Trade:
Trade 1: At close of candelstick confrimation (bullish marabozou, shooting star, hammer etc.)
Trade 2: At close of candelstick confrimation (bullish marabozou, bullish engulfing).
These are bullish indications.
Confirmations:
Trade 1: Candlestick confirmation upon formation on a new higher low in the 1hr chart at the daily zone ( lower blue zone).
Trade 2: Bullish candlestick confirmation upon close past the 4hr zone (upper blue zone).
Trade:
Trade 1: At close of candelstick confrimation (bullish marabozou, shooting star, hammer etc.)
Trade 2: At close of candelstick confrimation (bullish marabozou, bullish engulfing).
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