Ichimoku_Trader
Long

SAFETY or ADVENTURE...

FX:GBPUSD   British Pound/U.S. Dollar
724 18 38
I've stated how to enter this trade in 2 ways. Choose your own destiny

Please if you like my ideas, follow me, agree with me and comment
Good luck
Comment: Even though we did not yet break the breakout level, this trade is developing very nicely
Stick with it

I'll update it over the weekend
Good luck
Comment: To all the brave folk .. This is not about if we breakout

Let's abort this trade until the next week with your current profits (about 15 pips)
We still might have to go down a bit before going up
We'll create a new trading plan for it over the weekend
Order cancelled: REVISED
CHECK THE CHART
Thanks sir...
Reply
Thank you
Reply
Just curious which of the signals on the chart make you believe it will breakout?
Reply
Thank you for asking

I actually have 6 reasons to go with it:
1. divergence
2. bear trap
3. multiple rejections at the LCL
4. green AO
5. Fractals at the bottom
6. We are in a range

I'm sure I can find more

but 2 reasons not to:
Most importantly, the market structure doen not support it
We still have a few pips that we need to get to reach the lower target area

Your question made me reconsider my brave entry
Thank you
Reply
imaxium Ichimoku_Trader
Thanks for the detailed summary! I understand all reasons except:
1. divergence: In this case price is making Lower Highs and oscillator is making Higher Highs - which is a sign of a bearish trend, not a bullshit one. No?

As for 2 reasons not to:
Can you kindly elaborate more on what you mean by "market strcutre"?
Reply
Divergence on the lows
Reply
Just curious which of the signals on the chart make you believe it will breakout?
Reply
Smaller position on this one but will add once we break. Thanks for an awesome week Ichimoku
Reply
I'm happy for you

good luck
Reply
hi.. just wondering are u in the trade already ?
Reply
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