Aleksandar_Rose
Long

GBPUSD - Counter Opportunity

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
+++ Don't forget to LIKE & Follow+++I'm currently watching how price bounced from the last structure support level - price did break it, but didn't make a Lower Close.
Right at the structure level we can draw a Fibonacci Extension from previous lower move and a Fib Inversion from the last upward correction - and we will get a nice kill zone. I'm waiting market to hit this zone once again and to form a Double Bottom - with a RSI being in OS for the left Bottom. This will be a nice counter trend opportunity with stops below structure.

Good Luck!

-Alex
Professional Currency Trader & Owner of http://www.beaprofitabletrader.com

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Trade active
Trade closed: stop reached
it breaks all support
Reply
Yes, but there is a breathing room for stops - mine are set based on 1ATR.
Reply
Aleksandar_Rose prince125700
According to your trading plan - I go for ATR based SL.
Reply
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