AcademyInvestment
Long

GBP/USD BOUNCE trade LONG

FX:GBPUSD   British Pound/U.S. Dollar
As we can see we do have channel on D1/H4. And now we are waiting comformation of bounce of support bottom. There is also chance that we wont get bounce to the upsite also! Major trend is bearish so better safe then sorry. Better to enter little bit more late then to fast. Pro traders are patient, amature are not ;)!!!

Normal entry (H1) - Simply wait 123 (= ABC)on H1 above EMA 36 + trendline break and enter when we will get a break CLOSE ABOVE of 23 line with good candle.

Conservative entry (H1 -> M5) - Simply wait 123 (= ABC)on H1 above EMA 36 + trendline break and watch for w a break CLOSE ABOVE of 23 line with good candle ->>> then switch to M5 and find another 123 after H1. You will have to be fast to get that M5 123

Agressive entry (M15) - Simply enter after valid 123 above EMA 200

Stops :
1. Below channel (safer)
2. Below point 3 ( risking little but easier to get stopped)

Targets:
Targets are split into 3 parts.
1. target 1 : 1 (SL : TP)
2. S/R line (watch chart)
3. Trail it as much as possible

Best regards
A.i.
If anyone want analysis for any pair let me know!
Reply
peter.eckl.351 AcademyInvestment
2 years ago
What about a carry trade NZDCHF long
Reply
AcademyInvestment peter.eckl.351
2 years ago
It is preparing for long yes. If you are already in i would say you entered very agressive :)
Reply
peter.eckl.351 AcademyInvestment
2 years ago
Is there a way to get more Information how you trade. How you interprete your 4EMAs in general and which additional data you use (e. g. Cot). Would be great if you could give me some deeper insight. Thanx
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out