GBPUSD Long (Dollar Index Based Trade)
Confluences
• Hourly Bullish Break On Hourly Supply
• Hourly Price Above 20, 50 & 200 MA
• Hourly Respected TL Indicates The Beginning Of An UT
• Daily Showing Bullish PA From Daily S (Awaiting Engulfing Close)
• Weekly Showing Bullish PA From Weekly Demand (Awaiting Pin Bar Close)
*Be Careful When Placing Lower Time Frame Trades Before Waiting For Candle Closes On Higher Time Frame Which Support Your Bias*
• Dollar index Broke Key TL And Confirmed Bearish Move (Awaiting Close Below)
*Due To PA On Dollar Index I Now Expect A Bigger Profit Margin From Original Plan So I'm Still Long On Trade "Although First PA Has Been Hit*
SL Now Pass Break Even (Risk Free Trade)
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