This week, GBP had a significant gain, proving to be quite profitable. I made my entry based on three confirmed signals:
* The previous resistance zone (white box).
* The 60EMA on the 2-hour timeframe.
* A pullback to the 60EMA with no higher highs, and the MACD indicating into downtrend.
Looking ahead, I'm considering another short position when the price touches the 60EMA, which has acted as a robust resistance area tested 4 times.
* The previous resistance zone (white box).
* The 60EMA on the 2-hour timeframe.
* A pullback to the 60EMA with no higher highs, and the MACD indicating into downtrend.
Looking ahead, I'm considering another short position when the price touches the 60EMA, which has acted as a robust resistance area tested 4 times.