rjdaniels99

GBPUSD BUY SETUP 1:7 RRR

Long
FX:GBPUSD   British Pound / U.S. Dollar
CONFIRMATIONS:
1) Market Structure longterm is bearish, short term bullish: looking to buy the retracement up and sell the expansion down
2) 15 MIN has completed its accumulation phase and is in the stage of reaccumulation which shows signs of strength in the market
3) 5 MIN institutional candle stopped out early buyers and mitigated out of previous institutional candle before making its run to a new higher high
4) 5 MIN inst candle also left imbalance that needs to be filled
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