GBPUSD-simple setup shows us this pair is starting a rally
Very interesting, i use this setup often on lower TF.
Looking at W1 chart i found this "clone" setup and it shows me clearly this pair has bottomed and is starting a rally, possibly as an ABC zigzag (doesn't matter)
We have.
- corrective channel as support
- 0.61 fib retracement
- morning star candle stick pattern
On lower TF for me its a clear long, so i must think this setup will work here also, the market is FRACTAL.
Last target would be 1.65 level.
Lets go for it!! I will focus only on longs.
Regards.
Looking at W1 chart i found this "clone" setup and it shows me clearly this pair has bottomed and is starting a rally, possibly as an ABC zigzag (doesn't matter)
We have.
- corrective channel as support
- 0.61 fib retracement
- morning star candle stick pattern
On lower TF for me its a clear long, so i must think this setup will work here also, the market is FRACTAL.
Last target would be 1.65 level.
Lets go for it!! I will focus only on longs.
Regards.