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D1Trading
Aug 7, 2020 8:47 AM

GBPUSD SHORT Short

British Pound/U.S. DollarFXCM

Description

SELL
Comments
AdeOluseun
if i may ask ,How do you determine a strong resistance in uptrend and a strong support in downtrend .because this chart seems to be in an uptrend.
D1Trading
@AdeOluseun, for this trade i focused on the short term trend ( on the 15min tf ) - as this was an intraday trade. in the short term price was making lower highs and lower lows which meant a downtrend has begun, so i should be looking for sells.
AdeOluseun
Nice call,What is your Moving Average
D1Trading
@AdeOluseun, This is the 50 EMA.
AdeOluseun
@D1Trading, THANKS
FreeSignalsUK
Nice trade, well done :) x
D1Trading
@FreeSignalsUK, thanks !
tmay2000
What's the entry
D1Trading
@tmay2000, THE ENTRY WAS AT 1.3104.
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