GBPUSD

Here we have a nice simple setup for GU.

A major higher low has been broken on the 4hr and 1hr chart!

Divergence on both charts also!

It has pushed back for liquidity and printed a lower high!

Triangle has been broken!


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Commento:

Going to close my trade out at 21915, just over a 3/1 profit as its running out of steam and could do with a pullback before continuing.

Commento:

So the trade has hit my take profit and I closed the trade. This pair is completely bearish just like predicted and will continue bearish!

What I'm looking for now is a sign of weakness, an area of confluence, divergence, candle formation and I am happy to scalp the pullback.

(we are in an area now) #TradeSmart

Commento:

Major market news came in for USD and pushed the pair to my end goal. I did get out a bit earlier but at the end of the day I'm in profit.

I will never trade major news releases!

Lets see what profitable trades will come next week for this pair!!

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