by Kymier F, November 13, 2021
by Kymier Fraizer November 13, 2021
GBP/USD
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Long
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H4
Table of Contents
H4
BTMM
Peak formation high follow buy aggressive stop hunts
3:5
Stop hunt low, bottom forming up
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GBP HAS AN NEGATIVE CORRELATION TO DOLLAR. Seems about right according to news for reversals.
i would be cautious about the Dollars strength. Im biased towards long on the pound, however there is some negativity surrounding pound fundamentals and some positivity surrounding US fundamentals…im sitting on the side for now 🙂
I actually see what you mean by The strong momentum there’s no sign of consolidation whatsoever so I do agree on your opinion. thank you.
I never look at the daily charts Because I traded 4h. So I am hoping this will elevate me to trade on a higher scale
Just further to the pound…there is news coming out today that has potential to lean towards good news for the pound…I’m taking a small lot, 1:5 long position on the back of the positive fundamentals…i dont see the dollar interfering with the GBP fundamentals for the next couple of days….
Ctfu.. u only need market structure and btmm