GBPUSD (Intraday) Long
Tapped into GU on the smaller timeframes because of where the DXY is at. DXY making a lower high at a resistance level and hitting a .786 retracement so I decided to see if I could get a quick trade on GU.
OTZ: Found on 1H with multiple 3 bounces
Trendline: Higher Low from last impulsive low
Fibonacci: .786
- Drew the Fib on a lower timeframe
- Didn't wait for an entry signal (EMA crossover on the 15M)
- Counter Trend Trade
OTZ: Found on 1H with multiple 3 bounces
Trendline: Higher Low from last impulsive low
Fibonacci: .786
- Drew the Fib on a lower timeframe
- Didn't wait for an entry signal (EMA crossover on the 15M)
- Counter Trend Trade
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