MalikTrades_

GBP/USD Trade Breakdown

Long
FX:GBPUSD   British Pound / U.S. Dollar
1H Bullish Market Structure. Large 1H wick to the downside signaling bullish pressure aswell as 1H Fibonacci 0.786 Rejection. Price then formed 30min and 5min Support with Bullish Engulfing candle. Above 5min Moving average and Algo Strong buy. Daily and 4H Candles flipped Bullish. Entry taken targeting Mid Level 1.21500
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