1404 4h plan GBPUSD buy for RR>5
Hello traders,
GBPUSD broke the green trend line on Tuesday. That is a basic requirement on our strategy. Another good news is that GBPUSD made a fake breakingthrough pin-bar to test the support zone on 4h chart WHICH IS HIGH LOW above the 4H SUPPORT 0 ZONE.
We have 4 4h resistance zone working as potential target on a 4h chart with potential Risk/Reward ratio higher up to 10.
But the most possible target should be 4H resistance 1 becoz it was test 5 times. If this trade closed eventually at that position, still got a Risk/Reward ratio higher up to 5. Still a good one to try.
That the 4h trading plan for GBPUSD.
Support me with likes and comment to let me know what other you are interesting in.
Good luck
LESS IS MORE!
GBPUSD broke the green trend line on Tuesday. That is a basic requirement on our strategy. Another good news is that GBPUSD made a fake breakingthrough pin-bar to test the support zone on 4h chart WHICH IS HIGH LOW above the 4H SUPPORT 0 ZONE.
We have 4 4h resistance zone working as potential target on a 4h chart with potential Risk/Reward ratio higher up to 10.
But the most possible target should be 4H resistance 1 becoz it was test 5 times. If this trade closed eventually at that position, still got a Risk/Reward ratio higher up to 5. Still a good one to try.
That the 4h trading plan for GBPUSD.
Support me with likes and comment to let me know what other you are interesting in.
Good luck
LESS IS MORE!
