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Weekly reversal looming… here’s why.

by Kymier F, November 13, 2021

GBP/USD H4 BTMM

by Kymier Fraizer November 13, 2021

3
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GBP/USD

|

Long

|

H4

Timeframe:

H4

Analysis Method:

BTMM

Analysis:

Peak formation high follow buy aggressive stop hunts

Risk Management:

3:5

Things To Watch For:

Stop hunt low, bottom forming up

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    1. 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 🙂

      1. 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

        1. 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….

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