GBP/USD BUY SETUP. PRICE IS FINDING SUPPORT ON THE UPTREND AND MONTHLY SUPPORT.
THESE ARE THE CONFIRMATIONS I'M WAITING FOR.
-CANDLE TO FINISH OUTSIDE THE SMALLER COUNTER DOWNTREND.
-IF IT CONTINUES TO BREAK THE UPTREND I'D BE LOOKING FOR A BREAK-RETEST ON THE DOWNTREND.
THESE ARE THE CONFIRMATIONS I'M WAITING FOR.
-CANDLE TO FINISH OUTSIDE THE SMALLER COUNTER DOWNTREND.
-IF IT CONTINUES TO BREAK THE UPTREND I'D BE LOOKING FOR A BREAK-RETEST ON THE DOWNTREND.
Trade active:
+73 pips, let's see if it breaks the downtrend and continues momentum to the upside.
Trade closed: target reached:
1st entry: + 270-300 pips
2nd entry: + 200-250 pips
2nd entry: + 200-250 pips