SMALLER CORRECTION AHEAD OF BULL LONGER TERM RIDE

This trade analysis is part of my diary. Please let me know if it was helful but also your suggestion for improvements

Daily
  • Pivot points: Price rejected WS2 and closed above MPP
    Support/Resistance: Price at the resistance
    EMA: Price approaching 21 after 55 was respected previously
    Trend: Consolidation after down trend
    Structure: LL,LH,HL, waiting for HH to be next
    Bias: Bullish
    Psychological levels: Ultimate level 0f 1.45 is ahead at resistance
    Stochastic: Downtrend approaching 20 oversold levels
    Fib: Price above 618 retracement

4H Chart
  • Daily Pivot: Price finished above DPP and at DR1
    Support/Resistance: Broken through closest resistance
    EMA: Price went through 21 and 55 and closed above 55
    Trend: Consolidation
    Structure: LL,LH, Double bottom,HH
    Stoch: Rising not overbought, at 50

1H Chart:
  • Suport/Resistance: At resistance
    Stoch: Overbought,seems to be ready for correction
GBPUSDgbpusdlong

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