GBPUSD - 4H - Bullish Trend Continuation Strategy
Technical Analysis: GBPUSD is in a clear bullish trend, moving within a bullish channel and printing consistent higher highs (HH) and higher lows (HL). The RSI is in sync with the price action, confirming the bullish momentum. We will look for a buy entry at the 0.618 Fibonacci retracement level, aligning with the bullish trend continuation.
Entry Strategy:
Entry Point: Buy at the 0.618 Fibonacci retracement level.
Stop Loss: Place at the bottom of the last higher low to manage risk.
Take Profit: Aim for a continuation of higher highs within the bullish channel.
Entry Strategy:
Entry Point: Buy at the 0.618 Fibonacci retracement level.
Stop Loss: Place at the bottom of the last higher low to manage risk.
Take Profit: Aim for a continuation of higher highs within the bullish channel.
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