GBPUSD Analysis - Interesting Picture Here

Hello Traders,

GBPUSD is forming an interesting picture on 4-Hour TF.

- Descending Channel
- Wedge Breakout Confirmed
- Ichimoku Cloud Breakout Confirmed

Rules to Buy: Open Long Position ONLY IF:
- Descending Channel Breakout with high volume confirmation.
- Our Buy Zone Breakout with high volume confirmation.
- If both rules are satisfied market buy when new candle opens.

For Buy Zone & Targets kindly check the chart.

Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.

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Comment:

Price in our buy zone & now waiting for candle close. If price closes above our zone then market buy or else wait for next candle.

Trade active:

Trade Activated @ 1.2935

Trade active:

Target 1 Reached. Profit of 100+ Pips already.

Stop loss moved to 50 Pips above entry price and now waiting for next Target.