Dave-FX-Hunter

GBP/USD Institutional Analysis (Explanation 3) πŸŽ₯

FX:GBPUSD   British Pound / U.S. Dollar
🎯 Price is on the drop and 59% retail just falled in to the bulls trap, the bullish levels were tested so it could drop withou problems. I will wait for the retracement for the entry.

This is pre-plan based on the COT and Retail positions. M, W, D, H4 Time-frames trends and Parallel Channels. I will execute on the M30 at institutional level if the all conditions are met.

βœ… Traders, you are welcome to share your charts, thoughts and questions lets discuss it.

πŸ“Œ Multi-time frame view - Monthly, Weekly, Daily, H4
⏬Click on the picture to zoom view of all timeframes

πŸ“ŒCOT -Watch COT analysis for this week
⏬Click on the picture to watch this video (Get this free indicator in my scripts, its updated on Saturdays)


Wish you good hunt !!

Dave FX Hunter βš”

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❗❗ This is Pre-plan
That means my view can change, depends on how the price will arrive to the level and what will be happening on the M30 in my level of interest for entry. Then I will decide if I will enter or not. So please don't just blindly follow this. FX market is quickly changing environment and it requires full focus on the levels for the precise entry with low risk.

❗❗ DISCLAIMER
We are the only one person who is responsible for our health, relationships, success and money in our life's. So taking a risk on the markets based on this idea is only and only your decision. You deserve the profit and you are responsible for your potential loss. Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Author of the analysis does not accept liability for any loss or damage.

❗❗ Legal Risk Disclosure
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.

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