GBPUSD analysis from a technical point of view:
On the daily time frame above we can see the momentum of buying candles, which is a sign that the price will continue to rise. There is even an extreme sell setup, and it has also been followed by a mandatory TPW take profit, so that the price rises again in the direction of the momentum candle to form the MHV market losing volume, or even making a buy momentum candle again. If it forms MHV, the price will go down again, but if it forms momentum, buy again then the price will fly up again. And if we look at the shape of the Bollinger band, it is also leaning upwards, which indicates a bullish trend is happening at this time of the day. For that, let's look at the H4 time frame how:
If at the time of H4 above we can see the potential sales of candles, but it is followed by MHV then the price rises to form CSAK. Therefore the price is rising for now, even the price has also broken and broken above this Mid BB H4 line and also the MA50 line, which indicates that the bullish trend is still happening on this H4. And we can see that in terms of the shape of the Bollinger band, it is also horizontal and so narrow, that the price will move sideways there or immediately form a momentum of a buy or sell candle later. Then let's see what happened to the H1 time frame:
If at the H1 time frame above we see a setup that is outside, there is MHV above and MHV below, there is CSAK buy and CSAK sell. So that between valid situations to form a trend, we have to wait, because the Bollinger band is flat and has narrowed, then we wait for the momentum to form a buy candle or sell it, then we will enter into transactions after the momentum candle, and we enter during the reentry momentum candle the.
