FX:GBPUSD   British Pound / U.S. Dollar
Reasons for entry:

1. Falling wedge formation.
2. 1H Hammer bounce off a very strong resistance-turned-support level.
3. 4H Inverted Hammer bounce off that same level.
4. Conservative break-bounce of strong resistance level .
5. GBPUSD in an uptrend already.

6. Biden likely to spend to repair the economy resulting in a weaker dollar.

Let's see how it goes...
Trade closed: stop reached

Comments

down
disagree
+2 Reply
@farnem5001, Any reason?
Reply
still a strong bull.
+1 Reply
@AbuSoll I see no reason not to be
Reply
Now you see the reason why😂
Reply
down
+1 Reply
agree
+1 Reply
Disagree. GU has successfully broken 1.37000 & has now run out of momentum. It will be on a bearish trend during London session.
Reply
@Eleasha fair enough we’ll see
Reply
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