Short term trade on GBPUSD
Confluence factors
- Rejection of trend line
- Rejection of .5 weekly fib
- MACD divergence
- Rejection of W200 EMA
Take profit where the 200 EMA, trendline, and .5 daily fib converge.
Approximately 1.4 R/R
Confluence factors
- Rejection of trend line
- Rejection of .5 weekly fib
- MACD divergence
- Rejection of W200 EMA
Take profit where the 200 EMA, trendline, and .5 daily fib converge.
Approximately 1.4 R/R