GBPUSD 164 Pip Long
Updated
This is possibly my favourite setup to trade.
GBPUSD is in a strong bearish trend on the 4h chart and we have created a new LL today.
We know that the market moves in waves so after a LL we get a pullback to make sure that the market moves efficiently.
Price has broken out of its downward trend on the 5m and I am now keen to see it break the 15m CHOC mark. If this happens I will look to long from just above the 4h LL and look for more long entries all the way back up into the 4h supply zone.
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GBPUSD is in a strong bearish trend on the 4h chart and we have created a new LL today.
We know that the market moves in waves so after a LL we get a pullback to make sure that the market moves efficiently.
Price has broken out of its downward trend on the 5m and I am now keen to see it break the 15m CHOC mark. If this happens I will look to long from just above the 4h LL and look for more long entries all the way back up into the 4h supply zone.
Follow and like for more trade ideas!
Trade active
Price has pulled up and broken the 15m CHOC so now I am happy to start entering long positions all of the way up to the 4h supply zone
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