Hey Traders!
📌 Potential BUY setup for: GBPUSD
👨💻 Technical: Similar to EURUSD, on a monthly area of sensitivity, all the other timeframes are showing bullish pressure, it could be that a continuation bull move will happen if it pullback towards the 2 moving averages.
🎯 For an ideal entry: Waiting for that pullback would be ideal, entry confirmation off the 4h channel or moving averages and then aim for the top of higher timeframe resistance, should give you a good risk reward.
📌 Potential BUY setup for: GBPUSD
👨💻 Technical: Similar to EURUSD, on a monthly area of sensitivity, all the other timeframes are showing bullish pressure, it could be that a continuation bull move will happen if it pullback towards the 2 moving averages.
🎯 For an ideal entry: Waiting for that pullback would be ideal, entry confirmation off the 4h channel or moving averages and then aim for the top of higher timeframe resistance, should give you a good risk reward.