09/08/2020 GBPUSD - WEEKLY PLAY LONG - TF H4

Welcome,

Below you will find our trading notes:

Monthly view - BEARISH
Weekly view - BULLISH
Daily view - BULLISH

Previous week LOW - 1.2980
Previous week HIGH - 1.3185
Previous week profile - CONSOLIDATION

News this week:

11/08 TUE - 8.00, 14.30
12/08 WED - 8.00, 14.30, 16.30
13/08 THU - 14.30
14/08 FRI - 14.30, 16.00

Where to focus:

LONG SIDE SETUPS ONLY
LIQUIDITY BELOW : 1.2980
SUPPORT STRUCTURE : 1.2860 -> 1.2905
SUPPORT LOWER STRUCTURE : 1.2730 -> 1.2770
LIQUIDITY ABOVE : 1.3200
RESISTANCE STRUCTURE : 1.3305 -> 1.3362

Weekly scenario:

We expect pullback to one of our defined support structures, where we'll look for entries long.
If first support structure is broken, then we focus on entries on the lower support structure.
If second support structure is broken, we will move to side lines.
If we'll see push from our long side zones, then first TP is 1.3200 but over all target is 1.3305
Protection strategy:
SL up to 20 pips below support structure, but 10 pips should be enough


REMEMBER!

NEVER BE GREEDY AND DON"T FALL INTO EMOTIONS :)

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HAVE AN AMAZING DAY!

ENJOY