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thebasiqtrader

Scalp long on GU

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
thebasiqtrader Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Supply and Demand Multiple Time Frame Analysis
4
0
supplyanddemand mtfa
Hello traders. This is my analysis on Cable today. I'm looking to go long until the first supply level. You can put your stops at 1.26637 if you want just to leave room for the market to breathe. Keep in mind that this setup is executed on the 5m timeframe. We will see how it plays out. Danko
Comment:
Be cautious of the news event that's scheduled 30 min after New York open.
Comment:
If market tests one of the 2 supply levels then this position will be invalidated
Comment:
This setup is invalidated. Plus CPI is just around the corner
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