I have been eyeing of the pound for a new higher low for a little while from when it made a Higher High..
It technically still bullish on most time frames but my best two time frame for setups are the Monthly / Weekly for an overall outlook direction
I then trade based on the Daily / 4hr for trades following price action
In trading everything and its foundations are 3 or more but mainly 3 main factors
1. Support & Resistance
2. Price Action - ( STRUCTURE)
3. Candlestick Analysis
With a few not many handy tools in my tool box
lets see what we can get out of GBP/USD in the next few hours even days coming.
Patience is KEY!!
It technically still bullish on most time frames but my best two time frame for setups are the Monthly / Weekly for an overall outlook direction
I then trade based on the Daily / 4hr for trades following price action
In trading everything and its foundations are 3 or more but mainly 3 main factors
1. Support & Resistance
2. Price Action - ( STRUCTURE)
3. Candlestick Analysis
With a few not many handy tools in my tool box
lets see what we can get out of GBP/USD in the next few hours even days coming.
Patience is KEY!!
Note
GBP/USD GOING WELLNote
I placed my stops lower then expected but overall still maintaining it's overall direction
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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.
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.