On 1 hour time frame, it has shown a downward channel and has broken above and maybe looking to retest 1.21500 before moving up and aiming for the top of the channel.
At the structure, would be looking for wick rejections, bullish candle close.
SL would be under the structure 1.21500.
1:14 RR
However, my GBPUSD analysis shows a sell bias and EURUSD & GBPUSD are supposed to move in the same direction.
Ideas/opinions would be very much appreciated as I am new to this so any feedback will be taken into consideration!
At the structure, would be looking for wick rejections, bullish candle close.
SL would be under the structure 1.21500.
1:14 RR
However, my GBPUSD analysis shows a sell bias and EURUSD & GBPUSD are supposed to move in the same direction.
Ideas/opinions would be very much appreciated as I am new to this so any feedback will be taken into consideration!