Top Down Analysis: - Monthly: The pair has been in an uptrend since the start of 2017; - Weekly: Last Weekly candlestick broke above previous resistance, bullish activity expected for the coming week; - Daily: Break of Bearish Trend Line of 25/01, 01/02, 26/03 highs. Although we broke above, Friday printed a Bearish Pin Bar ; - 4 Hour: First candle of market open completely engulfed last Friday's closing candle, near a important S/R zone.
Confluences: -GBP shows seasonal strength on April for the past 10 years; -Monthly uptrend; -Break of Weekly Resistance; -Break of important Bearish Trend Line on the Daily time frame; -Bullish Engulfing showing rejection of 1.424 level which was resistance on 26/03 highs;
Entry Trigger: -Bullish Engulfing .
Stop Loss Placement: -3 PIPs below trigger candle's low
Target Profit: -25/01 Swing High.
Trade Management: - Set and Forget. ______________________________________________________________________________