This is possibly my favourite setup to trade.
GBPUSD is in a strong bearish trend on the 4h chart and we have created a new LL today.
We know that the market moves in waves so after a LL we get a pullback to make sure that the market moves efficiently.
Price has broken out of its downward trend on the 5m and I am now keen to see it break the 15m CHOC mark. If this happens I will look to long from just above the 4h LL and look for more long entries all the way back up into the 4h supply zone.
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