glennmercer
Short

GBPUSD Short: Sell the Breakout Toward PRZ

FX:GBPUSD   British Pound/U.S. Dollar
Hey Traders! Another potential drop lining up for this pair, although it is not certain yet. We will need to wait for a breakout and pullback to enter with a stop behind the base of the final c-wave             . Keep an eye out for this one!
Order cancelled: Always important to wait for an impulse/pullback on a lower degree! Here's why:

snapshot
The problem is for those who can't stay in front of computer full time, so leave the order there and when comes back, stop :(
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glennmercer PRO lincolnborgesrp
Lincoln, yes there are longer term strategies needed for those who cannot react to market conditions on shorter term charts. I would pull out to the 1D or 4H timeframe, many good opportunities there!
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lincolnborgesrp glennmercer
Yeah i know, im just saying that always have trap on the trader way :)
Your analysis was correct, the price is in a DOWN trend and it is making a correction, after correction we have a impulse.
Bus as i said, market some times leaves a trap hehe
+1 Reply
glennmercer PRO lincolnborgesrp
Well stated buddy
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