Hello traders around the world!
Lets talk about the double position trade on GBPUSD.
First of all, lets check GBPUSD from a higher time frame.
The price reached a mass psychological level on 26 September 2022 @ 1.05200 + reached the lower TL of the descending channel @ 1.03660.
This is a great area to long this pair.
If we move to the 1H chart, we can see a build up of a bull flag from 24 oct till 25 oct. Inside this bull flag, we have a second bull flag on the 15 mins chart and that was my first entry.
My first entry was on the second bull flag inside the 1H bull flag. BUY ON STOP ENTRY.
The price moved in an impulsive way to the upside and made another bull flag (Bullish correction) on the 1H chart, and that was my second entry. BUY ON STOP ENTRY.
Always wait for the right pattern to enter a trade.
Look for quality trades instead of quantity.
Patience is key.
#ThePrimes
Lets talk about the double position trade on GBPUSD.
First of all, lets check GBPUSD from a higher time frame.
The price reached a mass psychological level on 26 September 2022 @ 1.05200 + reached the lower TL of the descending channel @ 1.03660.
This is a great area to long this pair.
If we move to the 1H chart, we can see a build up of a bull flag from 24 oct till 25 oct. Inside this bull flag, we have a second bull flag on the 15 mins chart and that was my first entry.
My first entry was on the second bull flag inside the 1H bull flag. BUY ON STOP ENTRY.
The price moved in an impulsive way to the upside and made another bull flag (Bullish correction) on the 1H chart, and that was my second entry. BUY ON STOP ENTRY.
Always wait for the right pattern to enter a trade.
Look for quality trades instead of quantity.
Patience is key.
#ThePrimes