GBPUSD - LOOKING FOR LONG OPPORTUNITIES
*This is not a trade I took, it is juste an idea!*
DESCRIPTION: GU has broken the CounterTrendline and it might be heading to 1.26000. The MAs crossed over on the H4 chart.
ENTRY: I will be looking to enter at the retest of the trendline . After retesting the trendline the market will have to break the previous lower high and the major structure and psychological resistance of 1.25. If it does, I will hold my positions until price reaches 1.26.
TARGET: Will be placed @ 1.26000, where the last high was made (next structure resistance ).
STOPS: Will be twice the ATR (14 periods) based on the 4H timeframe.
DESCRIPTION: GU has broken the CounterTrendline and it might be heading to 1.26000. The MAs crossed over on the H4 chart.
ENTRY: I will be looking to enter at the retest of the trendline . After retesting the trendline the market will have to break the previous lower high and the major structure and psychological resistance of 1.25. If it does, I will hold my positions until price reaches 1.26.
TARGET: Will be placed @ 1.26000, where the last high was made (next structure resistance ).
STOPS: Will be twice the ATR (14 periods) based on the 4H timeframe.
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