GBPUSD SETUP 4H

Setup
1. Define bias by trend.
Find Bullish Impulse = Price > moving average 20 > moving average 50
Find Bearish Impulse = Price < moving average 20 < moving average 50

Select the best ones, more clean, less spikes

2. Draw Trendline (zone) and find 3 touch (enter before touch them or at touch them or a little pass and reenter on trend channel)

Draw Fibo retracement ( pivot lines is 50% and 61,8%)
Stop Loss under 61,8 level
Target under last fractal

Draw stress zones by support – resistance or resistance - support

Draw supply and demand zones (price reaction at levels by banks and financial intituitions)

3. Enter on Engulf Candles
Enter on big candle with force

4. Min: Risk=1 Reward=2 (If necessary adjust time frame for that)