1. Support and resistance zones shown in yellow.
2. Dark blue and red lines showing direction.
3. Looking for a retracement to the 21.
4. Keep in mind that when price breaks through support the level will be tested in future as resistance – role reversal.
5. Remember that when you line up higher and lower time frames, price is going in the same direction. The goal is to line up market and price while using support and resistance as your leading indicator.
6. Pay attention to reversal patterns on lower time frames when confirming your entry and if you want additional confirmation wait for a 5 8 cross on M5 before entering your trade. Remember – we enter on the second chance on the 5 minute chart.

One thought on “GBPUSD”

  1. Miles says:

    Very nice analysis, thank you!

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