Alex_BPTrader
Long

GBPUSD - Counter Opportunity

FX:GBPUSD   British Pound/U.S. Dollar
6 months ago
+++ 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 www.beaprofitabletrader.com

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6 months ago
Trade active
6 months ago
Trade closed: stop reached
-Alex
Professional Currency Trader & Mentor
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If you'd like to see more good trading ideas from me, click the "Like" button!
prince125700
6 months ago
SL?
Reply
Alex_BPTrader prince125700
6 months ago
According to your trading plan - I go for ATR based SL.
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saif1569
6 months ago
it breaks all support
Reply
Alex_BPTrader saif1569
6 months ago
Yes, but there is a breathing room for stops - mine are set based on 1ATR.
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