4hour GBP USD Long Trade off Support and 4hr Inside Candle Doji
GBP is proving strong even after slightly lower CPI. Strong dollar news of PPI and Yellen could not get it to close lower than 1.2460. Recent close of the last 4 x 4 hour candles were higher than the previous low from 10th Feb and a new high was created at 6am this morning.
Weekly candles are bullish suggesting a double bottom was created.
Squeeze pattern starting to appear on 4hr - potential to go either way, however I am long based on Weekly double bottom.
SL under 1.2435
Entered at 1.2470
TP of 1.2540
Further TP of 1.2680
Weekly candles are bullish suggesting a double bottom was created.
Squeeze pattern starting to appear on 4hr - potential to go either way, however I am long based on Weekly double bottom.
SL under 1.2435
Entered at 1.2470
TP of 1.2540
Further TP of 1.2680