How do I prefer to trade GBPUSD in a middle term.
1. Price is inside of ascending channel, so my position will be long.
2. I don't exclude that price could retest previous high making Double Top pattern.
3. However, I prefer to wait and see if top of a channel will be touched.
4. I prefer to enter from current however the SMA200 on 4h still being untouched so price could falls more.
5. Risk management is always mandatory. Each forecast could be totally wrong. Base only on your own ideas.
2. I don't exclude that price could retest previous high making Double Top pattern.
3. However, I prefer to wait and see if top of a channel will be touched.
4. I prefer to enter from current however the SMA200 on 4h still being untouched so price could falls more.
5. Risk management is always mandatory. Each forecast could be totally wrong. Base only on your own ideas.
Trade active
Trade active:
Very good!
Trade closed manually:
Poor dynamics. I have closed a trade.
Trade active
Comment:
Order cancelled
Trade active:
Order cancelled:
The dangerous asset. A rigorous risk management is mandatory.
