Finally, with a violation on the GBPUSD Weekly Chart, trend traders can now long the GBPUSD at ease.
I will wait for a retest at 1.2696 on the GBPUSD 4-hourly chart for a buying opportunity.
If you are waiting for a counter-trend trade, the safest way is to wait for a violation of the red trendline(left). Then wait for the retest on the red trendline. You have to make sure there isn't any violation that happens after the retest, that is when you can engage the trade after the Magic Candle Confirmation.
I will wait for a retest at 1.2696 on the GBPUSD 4-hourly chart for a buying opportunity.
If you are waiting for a counter-trend trade, the safest way is to wait for a violation of the red trendline(left). Then wait for the retest on the red trendline. You have to make sure there isn't any violation that happens after the retest, that is when you can engage the trade after the Magic Candle Confirmation.
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🏦 Qualify Junior Analyst within 90days
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🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.