GBPUSD Taking buy opportunity in the retracement
Hi Traders,
I found some buying opportunity in this pair according to my rule.
Reason are:
- Less and less volume in downmove
- chart pattern shows ABC wave retracement
In my point of view there are 3 possible target or exit point, anyway this is truly depend on your trading
strategy and rules. please feel free to use your own entry and exit rule.
breaking the pattern to the upside will trigger my buy pending order, if the chart breaking to the downside,
I will check again and do redrawing again.
Good Luck and Trade Wisely
I found some buying opportunity in this pair according to my rule.
Reason are:
- Less and less volume in downmove
- chart pattern shows ABC wave retracement
In my point of view there are 3 possible target or exit point, anyway this is truly depend on your trading
strategy and rules. please feel free to use your own entry and exit rule.
breaking the pattern to the upside will trigger my buy pending order, if the chart breaking to the downside,
I will check again and do redrawing again.
Good Luck and Trade Wisely
Comment:
Target 1 hit. closed half of my position. and adjust my stop loss
Comment:
Already reached Target 2. for me I will closed all my trade since i already got quite good reward out of it. if you want to continue to target 3 is up to your strategy.