GBP/USD Trading Plan for Next week
The price broke down Upward Channel. It's a signal for the next price decreasing.
I think about a Short entry near key level 1.3100. At this moment.
I will open a Short if the price will make fake broke of 1.3100 and H1 close under that level. Currency rate can move to 1.2900 or 1.2800 in that situation.
Everything will change if currency rate break up 1.3100 H1 Close upper it. That will be a signal to open a Long entry with low predictable stop.
Its 2 scenarios for next week. I have a plan what to do in different situations As a trader. That why I don't care price will move up or down. I earn money on both moving.
Write a comment please, do you use trading plan?
P.S. Push like and subscribe if you want to see more signals in the future.
I think about a Short entry near key level 1.3100. At this moment.
I will open a Short if the price will make fake broke of 1.3100 and H1 close under that level. Currency rate can move to 1.2900 or 1.2800 in that situation.
Everything will change if currency rate break up 1.3100 H1 Close upper it. That will be a signal to open a Long entry with low predictable stop.
Its 2 scenarios for next week. I have a plan what to do in different situations As a trader. That why I don't care price will move up or down. I earn money on both moving.
Write a comment please, do you use trading plan?
P.S. Push like and subscribe if you want to see more signals in the future.
Trade active:
You can open a risky sell.
Accurate entry will be after fake broke of 1.3100
Accurate entry will be after fake broke of 1.3100
Comment:
Second scenario is working.
I am a trader and don't have 100% accuracy with my deals and don't know for 100% where the price will be because i am not a God.
But i have scenarios what to do if the price will move in some direction.
Also, i use filters “like fake break” for more accurate entries
I am a trader and don't have 100% accuracy with my deals and don't know for 100% where the price will be because i am not a God.
But i have scenarios what to do if the price will move in some direction.
Also, i use filters “like fake break” for more accurate entries
Trade closed manually
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That is a powerful signal for 2-nd down wave.
I wait for a Fake broke.