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VasilyTrader
Feb 6, 2019 9:17 AM

trying to catch a pullback on pound dollar Long

British Pound/U.S. DollarFXCM

Description



hey traders,

after a massive selloff from 1.32 level,
we see that the market finally reached a decent level of structure.


as the market approached this level, we see two rejections and formation of a double bottom pattern.
The local support line was just violated,
so now we are free to buy the market.

target is based on structure.

stop below tops/

good luck!

Comment

Still standing on support

Comment

The market is standing on the low

Trade closed: stop reached

Comments
Boon2
GBPUSD D1 Running flat for more downside. Checkout the idea detail's and update's for the complete picture!

VasilyTrader
@Boon2, interesting point of view man
Boon2
@VasilyPonomarev, Yes still may turn into expanding flat but its getting less and less likely now
VasilyTrader
@Boon2, true
FXCM
Great idea there! I have a different bearish call on GBPUSD, let me know how you think of it.
MarketMakerTraders
Never Bet Against The Hammer

VasilyTrader
@MarketMakerTraders, ahhahaha, that is my passion dude
GER-Quality-Trades
NIce analysis. I would have said the point to buy would have been at the second low point of the RSI and to profit from this huge short term candle in this situation! Nice one tho
VasilyTrader
@Maitodai, thanks man, you know I feel excited to trade against the crowd
GER-Quality-Trades
@VasilyPonomarev, gotcha! May I follow you?
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