There is break in the upward trendline in H4 TF also a support zone is partialy broken. we should now be waiting for clear break of the support zone to turn to resistance. then we will look for our entry rules. to take the trade with 1:4 rISK to rEWARD.
REMEMBER : The trade moves must go as drawn only then do we check our entry rule if our entry rules are not...
This is a combination of TL analysis and structure. You should know we don't predict trades we react to what we analysed. In this GBPUSD we are left we two choice. we have a support that is as well acting as resistance. remember we MAY take short trade if it goes in down to break , retest the broken support TURN RESISTANCE WITH 1:4.6 RISK TO REWARD but if it did...
The long set up we have clearly showed a stucture broken and retested ie resistance turned support.this trade has 1:3.6 Risk to reward ratio. you can enter long
