GBPUSD BREAK AND RETEST
Pair: GBPUSD
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, resistance break, retest, pennant pattern
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Key Takeaway: We have seen a break of resistance, we need to see a re-test of this level as newly found support before entering long, TP1/2 will reflect the incoming trend line of the pennant and we will have TP3 just above near the swing high level
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Level needed: need a close by 1.09145
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Trade: LONG
RISK:REWARD 1:9
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, resistance break, retest, pennant pattern
—————
Key Takeaway: We have seen a break of resistance, we need to see a re-test of this level as newly found support before entering long, TP1/2 will reflect the incoming trend line of the pennant and we will have TP3 just above near the swing high level
—————
Level needed: need a close by 1.09145
—————
Trade: LONG
RISK:REWARD 1:9
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
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