Ichimoku MTF Analysis
Pair: GBPUSD
Weekly : Bullish (Started)
Daily: Bullish
H4: Bullish
Outlook: On Daily TF, Pair has broken the resistance level and become support level. She is testing the support level. New significant reversal pattern (H&S) can be seen.
On H4 TF, proper corrective wave pattern not yet appeared.
Trading Plan: Look for corrective wave structure before long entry in H4. No long entry if pair below Kumo at H4 and wait until it above Kumo for long entry.
Daily Chart:
Pair: GBPUSD
Weekly : Bullish (Started)
Daily: Bullish
H4: Bullish
Outlook: On Daily TF, Pair has broken the resistance level and become support level. She is testing the support level. New significant reversal pattern (H&S) can be seen.
On H4 TF, proper corrective wave pattern not yet appeared.
Trading Plan: Look for corrective wave structure before long entry in H4. No long entry if pair below Kumo at H4 and wait until it above Kumo for long entry.
Daily Chart: