GBPUSD Trade Plan
Bullish Indications:
1. Morning Doji Star (last candle)
2. Falling Wedge Bullish Reversal Pattern
3. Major Support @ 1.31342
Bearish Indications:
1. Lower Highs & Lower Lows
2. Bearish Trendline
3. Support broken @ 1.33018 (0.236 Fib)
3. No Oscillator Divergence
Baised: Short & Long
Suggested trade plans are:
Plan A: Short (till the support zone)
Sell Stop: 1.32350
SL @ 1.33000 (0.236 Fib)
TP: 1.31350 (100 Pips)
Plan B: Long (After the Wedge breakout)
Buy Stop: Above the 1st green candle
SL @ Tail of the last candle
TP: 200 pips
1. Morning Doji Star (last candle)
2. Falling Wedge Bullish Reversal Pattern
3. Major Support @ 1.31342
Bearish Indications:
1. Lower Highs & Lower Lows
2. Bearish Trendline
3. Support broken @ 1.33018 (0.236 Fib)
3. No Oscillator Divergence
Baised: Short & Long
Suggested trade plans are:
Plan A: Short (till the support zone)
Sell Stop: 1.32350
SL @ 1.33000 (0.236 Fib)
TP: 1.31350 (100 Pips)
Plan B: Long (After the Wedge breakout)
Buy Stop: Above the 1st green candle
SL @ Tail of the last candle
TP: 200 pips
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