TheAlcoveFx
Short

GBPUSD Structure Trade

FX:GBPUSD   British Pound/U.S. Dollar
Hey Traders,

So not much on my radar this morning except two open trades I have on USDJPY             and AUDUSD             . Right now, GBPUSD             is in no mans land so there's nothing for me to trade, however as we take a look on the higher time frames we can assume where price might go to, and what it might do when it gets there. We know support when broken becomes resistance, and we know GBPUSD             is in bearish trend . So putting those together, combined with an overbought RSI and some Fibonacci confluence , we would have a valid trading opportunity, the last thing we need is just a candlestick formation on the lower time frames confirming price will reverse at that resistance level and we have an entry. Yes, my trading is that simple. We still have a long way to go but its still good to have it on the radar.

Like always, If you have any questions feel free to comment below
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out