GBP/USD - INTRADAY SIGNAL - STAY TUNED FOR THE UPDATES

Pay attention to the updates section as I will be posting when I will be entering my trade.

The analysis is made based on order flow using volume profile + EW

Expecting a bounce off of the Fibonacci region highlighted on the chart.

For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.

Comment:

Buy stop set @ 1.3239

Comment:

Comment:

still no trade - the buy stop @ 1.3239 has been cancelled as the price moved a little lower - however, it's still in our area of interest

Comment:

Price is at the 0.618 - still no entry

Comment:

there will be no trade today - the market just didn't give a buy signal and from the looks of it we would have been in a very bad position if we jumped on the buy side

Have a nice weekend and see you next week

On Sunday I will be posting a swing trade for the AUD/NZD - stay tuned