GBP/USD 4 hour chart update.
I look for this pair to retrace back to at least 1.15500
Then turn around and retrace higher to 1.17500
If it does indeed make it to 1.15500 I will enter my buy order.
I know that the outside candle is green on the this 4 chart, but don't let that fool you.
That's a trap candle, that's the market maker is saying to you buy buy buy.
The market maker needs buyers to trap so he can move the pair lower.
If the market maker doesn't get enough buyers, then the pair will trade sideways until he does.
I look for this pair to retrace back to at least 1.15500
Then turn around and retrace higher to 1.17500
If it does indeed make it to 1.15500 I will enter my buy order.
I know that the outside candle is green on the this 4 chart, but don't let that fool you.
That's a trap candle, that's the market maker is saying to you buy buy buy.
The market maker needs buyers to trap so he can move the pair lower.
If the market maker doesn't get enough buyers, then the pair will trade sideways until he does.
Patience, let the trade come to you.
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