GBPUSD on the 1H time-frame.
Steps:
1. OPEN BUY once the price breakout the channel and at the resistance line.
2. The price reached the resistance zone then throw back and created the higher low.
3. Follow BUY ORDER position when the price breakout the strong resistance zone.
4. If this MACD (+) created the lower high and will open SELL ORDER when the price breakout the previous low.
Steps:
1. OPEN BUY once the price breakout the channel and at the resistance line.
2. The price reached the resistance zone then throw back and created the higher low.
3. Follow BUY ORDER position when the price breakout the strong resistance zone.
4. If this MACD (+) created the lower high and will open SELL ORDER when the price breakout the previous low.
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.
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.