GBPUSD
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W and D are in an up trend.
Price started to make HH's and HL's on lower TF trasforming the bias from bearish to bullish- aligned with W and D TF.
For a buy I will wait for the H1 retracement to finish.
The perfect entry would be from the last H2 OB (grey zone).
Trade RR - 11.7
SL - 1.26778
Price started to make HH's and HL's on lower TF trasforming the bias from bearish to bullish- aligned with W and D TF.
For a buy I will wait for the H1 retracement to finish.
The perfect entry would be from the last H2 OB (grey zone).
Trade RR - 11.7
SL - 1.26778
Note
Price reached our entry point, trade is in profit but for now the price failed to make a new HH and is currently making an internal bearish leg.Risk free your trade and move your SL at the entry level!
Note
Price is ranging between H4 high (buy side liquidity) and H4 low (sell side liquidity).For a long I would like to see the H4 low taken out by a spike (could set a buy order there), or the H4 high taken out and retested.
If the H4 low will be taken out by the candle's body, most likely the price will return to the daily demand zone.
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