GBPUSD (1Hour): Break and re-test setup✔

9 באוג׳ 2021

Reward:336 pips 🤑
Risk:34 ❌
Risk/Reward Ratio:10.1✅

Chart Breakdown

• Daily Timeframe
  Uptrend in place
  3rd touch of downward trendline
  
  
• 4Hour Timeframe
  Uptrend in place
  3rd touch buy setup on uptrend trendline
  
  
• 1Hour Timeframe
  Downtrend in place
  In order to trade with the trend, I'm anticipating price to retest the broken upward
  trendline in order to give us a bearish setup that's in line with the trend.
  

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DR.Swing_Forex