GBPUSD Long Thesis:
- New higher low has been formed on weekly after 1.2800 monthly held and closed as a hammer candle.
- On daily timeframe previous highs where taken out which was a bearish shooting star candle.
- Candle broke through 1.2970 and closed above 1.3000 weekly signalling bull strength.
- On the 4hr after break of 1.2970 now expecting possible retest before rally up to 1.3145.
Order cancelled
Wont come down as 4HR timeframe took out previous highsTrade active
Trade closed: target reached
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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.