fastboiijd

GBPUSD NY SESSION

Short
FX:GBPUSD   British Pound / U.S. Dollar
Hey peeps, im back with another ideaaaa. If you havent already, go ahead and follow me on trading view for some of that precision goodness within your trading. We strive for greatness around here. Lets get on with the idea shall we.

So we can see the london session pushed price way up and price recently hit the trendline resistance i have marked. Currently, i am waiting for price action at this trendline because if we end up breaking it, we will most definately have a surge upwards. However, NY session is known to reverese and we essentially created a high of the day in the London session. This would be a reason for me to be inclined to sell.

For a short position, ( I already scalped a short earlier this morning) i need to see a rejection at the trend line so i know to continue downwards and ride the pair to the low of the day essentially, taking out levels as we go.

If we want to long, we need price to break this trend line AND retest it because if it doesn't retest, price can easily fall back into the channel.

As we wait for price action, remember to trade safe, trade precise, and trade to WIN. Expect to WIN. See you guys in the next idea, thanks for stopping by! :)

Related Ideas