TradingView
obscuretree
Nov 2, 2022 12:41 PM

GBP LONG but there are some pitfalls Long

British Pound/U.S. DollarFXCM

Description

Obviously I think the dollar has peaked, but the "smart money" won't make it so easy for the average player to enter, and from what I've seen, they will try to wipe out as many long stops as possible before any significant rally, so from today's meeting to tomorrow's NFP this is how I imagine it will go

Comment

This trend may apply to any non-US currency pair and XAU/XAG

PS:If there is a rise after tonight's rate announcement, perhaps the situation will be more complicated

Trade active

There is a magic trick called "Misdirection", which means that something will always happen, but never at the moment you think it will

Trade active

Wait for pinbar to appear and enter

Trade active

enter SL 1.105 TP 1.2

Trade active

Manually profitable one-half of the position, because rising too fast is not a good thing,he looks more like a trap
Comments
JoeChampion
I agree on Medium term downsides, thanks!
bmwatsenekenyi
I agree
Lakozor
Afree
Lakozor
@Lakozor Agree
More