-------------------4HR CHANNEL/ PPL SET-UP--------------------
-------------------4HR CHANNEL/ PPL SET-UP--------------------
GBPUSD 4HR
Additional lower timeframe confluences:
1) 30 min FIB retracement and notice any respect or rejection to key 61.8 level
2) 15 and 5min 14 and 50 Ema in your favour, or wait for a dynamic support/ resistance
3) 5min rejecting a PPL and RSI strength in your favour bounce off 30 or 70 level
4) At a point of lower time frame break/ push there will also normally be a 5min 14 EMA retest the same time as a minor correction
and good entry point if everything above lines up
GBPUSD 4HR
Additional lower timeframe confluences:
1) 30 min FIB retracement and notice any respect or rejection to key 61.8 level
2) 15 and 5min 14 and 50 Ema in your favour, or wait for a dynamic support/ resistance
3) 5min rejecting a PPL and RSI strength in your favour bounce off 30 or 70 level
4) At a point of lower time frame break/ push there will also normally be a 5min 14 EMA retest the same time as a minor correction
and good entry point if everything above lines up