Hey traders,
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GBPUSD
Base on Trend Lines and Hidden Divergence (that happens on correction waves) we know that GBPUSD has started a new Down Trend and I think we should not think about Long Positions.
But on the other hand, we know that the market will never allow us to analyze it as simply as we see it and it is going to hunt our stops and then get back down.
So I think there are 2 strategies that we can do :
1-Get a Short position now and wait for it. If marker goes up we add to our position lot size again.
2-Wait for market to show correct way and then get a short position.
Targets:
As you can see there is 3 targets that I have shown.
One of them is Fibonacci Target (Center target) and tow others are Ichimoku targets that I believe that they must be touched.
If you are Low Risk person, you can set your target on first, otherwise manage your positions until target 3 touched.
I hope we can take a Good Profit on this market and my analysis be correct.
Thanks for your Likes and comments.
Good luck!
Please Support this Idea with LIKE if it is Useful....
GBPUSD
Base on Trend Lines and Hidden Divergence (that happens on correction waves) we know that GBPUSD has started a new Down Trend and I think we should not think about Long Positions.
But on the other hand, we know that the market will never allow us to analyze it as simply as we see it and it is going to hunt our stops and then get back down.
So I think there are 2 strategies that we can do :
1-Get a Short position now and wait for it. If marker goes up we add to our position lot size again.
2-Wait for market to show correct way and then get a short position.
Targets:
As you can see there is 3 targets that I have shown.
One of them is Fibonacci Target (Center target) and tow others are Ichimoku targets that I believe that they must be touched.
If you are Low Risk person, you can set your target on first, otherwise manage your positions until target 3 touched.
I hope we can take a Good Profit on this market and my analysis be correct.
Thanks for your Likes and comments.
Good luck!
Trade closed manually:
we close it manually to get profit from this position.
It did not touched target but it gave a profit.
It did not touched target but it gave a profit.