$GBPUSD Long until we shouldn't

15 lug 2023

GBPUSD Hello all! Looking to make a long on GBPUSD.

Looking purely from the standpoint of momentum and price action. The Daily shows us higher highs and higher lows still, although a caveat to this is a slight decrease in volume as traders are increasingly cautious on the UK CPI data next Wednesday 19th July. In light of this, we shall plan for a continuation and exit if necessary. Remember: luck is when opportunity meets preparation.

Zooming in to 4 Hrs and 1 Hr TF, we can see hidden divergences for a continuation of trend so for now, traders are still bullish on GBPUSD. CMO technicals also indicator a 80+ momentum with 50 indicating a bullish trend so for now, we are in the clear.

Nonetheless, a tight stop is always exercised and will pull the trade when necessary. Long is set in supply zone that can be see on 4 HR TF. Will keep a tight SL but we are aiming for a 11:1 RR. Entries can be seen on charts long cordinates.

All the best!

21 lug 2023

Ordine annullato

Trade long worked however, the short's entry did not play out...