Cable GBP against USD dolar--->Looking For Short Strategy
Hello Traders,
I suggest to trade in boundaries of supports and resistances. Like in this currency pair we will observe and load our weapons for sell this currency pair in H4 for the WEEK ahead. Firstly, we have to wait until the price touch my resistance and to stay focus, If the price go for stop hunting or false break it's signal that the price may go down also the price action will have very interest as well, we need something like pin bar (green or red) to confirm the trading scenario. Secondly, I want to underline that if the price go above the resistance and do the previous things that I mentioned we will be at supply zone with stop loss at 1.29900-40 pips risk not tight stop loss (open of the candle). With target at Demand Zone 1.29000. The range of take profit it's ridiculous but if you do the appropriate management you will take advantage of the small ups and downs.
Furthermore the yellow horizontal line is the Entry for the longs with all confirmations applied.
Thank you about the reading, If you interesting to read my points of view in currency pairs give me like or comment to motivate me.
Have a good weekend.
John Vasilopoulos
Instagram: john_vasilo
I suggest to trade in boundaries of supports and resistances. Like in this currency pair we will observe and load our weapons for sell this currency pair in H4 for the WEEK ahead. Firstly, we have to wait until the price touch my resistance and to stay focus, If the price go for stop hunting or false break it's signal that the price may go down also the price action will have very interest as well, we need something like pin bar (green or red) to confirm the trading scenario. Secondly, I want to underline that if the price go above the resistance and do the previous things that I mentioned we will be at supply zone with stop loss at 1.29900-40 pips risk not tight stop loss (open of the candle). With target at Demand Zone 1.29000. The range of take profit it's ridiculous but if you do the appropriate management you will take advantage of the small ups and downs.
Furthermore the yellow horizontal line is the Entry for the longs with all confirmations applied.
Thank you about the reading, If you interesting to read my points of view in currency pairs give me like or comment to motivate me.
Have a good weekend.
John Vasilopoulos
Instagram: john_vasilo
Order cancelled