GBPUSD STRUCTURL BOUNCE LONG

28 сент. 2020 г.

The GBPUSD has hit some important structural levels on the:
1.WEEKLY(A Role Reversal Zone)
2.DAILY has given us 3 DOJI's after the DownTrend and it has exhausted the Downtrend
3.The Daily Profile Shows us we are hitting the Low of the VALUE Area as well on the DAY Long term PROFILE that shows A VALUE AREA(VA) higher than Previous DAILY VA and thus we have a bargain zone for BUY
4.Looking @ 4HR Market Structure Support Lines UP with where those Daily DOJI's are bouncing from and for the fact that we have some 4hours of consolidation breakout is imminent and in this case to the UPSIDE.
5.1 Hour Chart Open's above Previous 1 hourly Point of Control and that Shows the BUYING Today is INITIATIVE in nature with conviction
6.30 mins CHART open with a OPEN DRIVE and that has set the low of the DAY
7.The big trade idea now is to see that we have some resistance zone coming up @ 61.8% which can give a discounted opportunity for a Sharp SELL OFF and thus look to buy GBPUSD @ a scale in @
BUYING POINTS
1.2795( Weekly Pivot Level)
1.2803(Psychological Level)
OR SHORT
1.2878 (61.8% retracement, 4hr Resistance zone)