GBPUSD fantastic confluence setup

Great example of confluence setting up for a perfect entry to a big move.
Explainations on the chart.

GBPUSD missed trade setup

No idea how I didn’t see this setup, probably cos I was out yesterday and busy with watching the EURUSD when I got back..lol
Anyway, this setup was inspired by a guy called Nial Fuller.
Among his methods is the “inside bar pin bar” setup, basically if you look at the chart, you’re more or less looking at what he means.

He’s got some free vids on youtube which demonstrate how he trades.
Since starting up his paid forex course, he has taken some videos down which reveal too much of his course content =p
So I’m not getting the whole picture for his setup actually.

However, it’s not hard to use confluence to play this even if it’s not his exact setup.
Inside bar + pin bar(basically a very long-tailed doji) + support/resistance levels + daily trend.
Individually these elements are significant, combined, you would have a very strong confluence of events here which make up a decent trading setup already.

In this particular case, the Support comes from various trendlines, plus there’s a round number there 1.6400 which acts as psychological support.
All these factors add to the confluence which forms the strong support area.

Have a look at the chart for the setup explainations.