GBPUSD - Let's get to that Resistance Level - Long 60 pips targe
Simple story:
First of all this is classic entry as TTVW says - Exit from range with PRL
The rest of the story
Therefore we should be heading for the resistance level approximately 60 pips
First of all this is classic entry as TTVW says - Exit from range with PRL
The rest of the story
- Green waves larger than red waves
- Speed Index on the high side at the pullback = Hard to move done (Effort vs Result)
- No funny stuff at the top yet
Therefore we should be heading for the resistance level approximately 60 pips
Note
Better RR now to enter Long, if you wishTrade closed: stop reached
Out - stop hit - 50 pips.Next trade !!!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.