here is my gbpaud short idea
first off: GA is a pair which respected massively the weekly pivots
we touchted the weekly pivot three times before we broke it.
currently we broke the pivot like butter and it escalated real quick 200 pips to the previous week weekly pivot.
at the previous week weekly pivot we noticed a major drop. all markets dropped last week.
from the touch of the previous week weekly pivot, ived decided to create a short idea.
my stoploss is slightly above the previous week high. could easy take it out, because no new marketstructure is available in this area.
early attempt.
on trades like this i like to risk less than 1%.
did we completed a bullish W?
first off: GA is a pair which respected massively the weekly pivots
we touchted the weekly pivot three times before we broke it.
currently we broke the pivot like butter and it escalated real quick 200 pips to the previous week weekly pivot.
at the previous week weekly pivot we noticed a major drop. all markets dropped last week.
from the touch of the previous week weekly pivot, ived decided to create a short idea.
my stoploss is slightly above the previous week high. could easy take it out, because no new marketstructure is available in this area.
early attempt.
on trades like this i like to risk less than 1%.
did we completed a bullish W?
Trade closed: stop reached:
:(