Having the downtrend channel before a bullish trend was a concern for me to short off the daily chart(posted ideas on the link to related article), at this moment I will be watching closely on how the candle react at this PRZ area as a warning sign that Point C touches A.
Although there is a warning sign of such I will still lean towards buying GBP against USD as it does give very good reward: risk on this trade setup, of course, the lining up of the candle gives the final green light to engage.
Don't go on holiday and ignore your trade just yet.
Although there is a warning sign of such I will still lean towards buying GBP against USD as it does give very good reward: risk on this trade setup, of course, the lining up of the candle gives the final green light to engage.
Don't go on holiday and ignore your trade just yet.
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Get into our 15mins workday community
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Live session & Trading Tips on the GO
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