DavoodWadi
Long

A Bear Trap Is About To Trigger A Buy Setup In GBPUSD

FX:GBPUSD   British Pound/U.S. Dollar
gap
91 9 3
gap
We had a gap down and a reversal that give way to a high probability long setup.
Risk reward is more than 1on1 and the setup's probability is gonna compensate for the its low amount.
Good one, I'd rather wait for the top to short it here, then buy a larger correction.
+1 Reply
DavoodWadi IvanLabrie
a year ago
I always remember you for being conservative
+1 Reply
IvanLabrie PRO DavoodWadi
a year ago
I can't sit and watch what London traders do, so I only play very safe bet daily setups, or intraday trades during NY.

Check out usdjpy for a buy btw, I think this is an abc down, almost done.
+1 Reply
DavoodWadi IvanLabrie
a year ago
Good catch.
I guess everything is reversing this week, filling the gaps.
Reply
IvanLabrie PRO DavoodWadi
a year ago
GBPJPY, expanded flat C down?
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DavoodWadi IvanLabrie
a year ago
If so we'd be having a really big C wave, exceeding 2.618 projection of A.
Nevertheless a bullish Island Reversal is shaping.
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IvanLabrie PRO DavoodWadi
a year ago
snapshot
+1 Reply
IvanLabrie PRO IvanLabrie
a year ago