GBP/USD trend trade explained. Reasons for trade:
- 1H candle formed a hammer finding support off the 4H 21EMA
- Next 1H candle formed a large bullish engulfing candle which has engulfed the last 16 candles.
- 4H 8EMA has taken control with good angle & separation between itseld & 21EMA therefore should push prices quite abit higher.
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