FX:GBPUSD   British Pound / U.S. Dollar
111 3 2
There's still legs in the Sterling rally. Confluence at 1.453-1.449 ought to protect 1.445 for another rotation to the upside (1.485 supply above).
Hi Keyser, good trade!!
I've been looking for someone who trades correction patterns. do you just enter on the breakout ?
Reply
Keyser Soze DerekUweri71
Hi, Derek. I generally trade the swings with the trend and pyramid up/down on structure tests. Was looking at the 1.453 confluence, as I mentioned, and traded the reaction off the 1 minute. I am actually looking for we dip once more to the TL support so I can add another lot or two, I see it correcting into NFP and bouncing from there tommorow (1.449 support area, 38.2% is at 1.447 now, too)
Reply
DerekUweri71 Keyser Soze
Hi Keyser, Thanks for your reply. I'm not sure I fully follow everything you said but I'll give it a bit of time to digest and maybe I will.
I tend to enter on the break out but I don't know if that's the most effective method.
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