Follow The First Reversal H4 Candle Using M15 ~ forex pre news trading
This current sentiment now is that GBPUSD has formed a 200-pips box (flag) between 1.57807 and 1.55081. A break out of either side will determine the next direction. Until this happens any prediction is mere speculation.
To play the range, follow H4. The most effective method is to follow the first reversal H4 candle using M15 as entry around 30. The red horizontal line on RSI gives early indication of when to take profit or lock your profit. Now the trend is up, reversal on M15 around 70 is a signal to either take or lock your profit by either using trailing stop or shifting your stop loss.
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