Another week is coming to an end and we have had some immense volatility across GBP pairs. We have some heavy GBP data this evening AFTER market close which has a high probability at showing if there is going to be a deal in regards to Brexit. With that being said, it is HIGHLY advised to close ALL GBP positions, as the future is unknown and come market open, we...
Due to fundamentals i wont be taking this trade however we can see a rising wedge forming which suggests we could see a temporary move to the downside. We also have bearish RSI and MACD divergence.
Its easy to get carried away and over analyse our charts, but a lot of the time all we need to do is keep it simple; our biggest barrier is our emotions. ALWAYS KEEP THEM IN CHECK x
FX:GBPCHF 4 Hour This image explains everything. 4 Hour breakout levels identified. Waited for a 4 hour candle to close below the blue line. Entered on retest. . Closed .07 @ +20 pips. And left .03 running with a 20 pip trailing stop from breakeven. Also posted the progress of this trade on my Instagram stories. Check it out @ www.instagram.com
For those who do not know, I've already published a similar trading education type regarding on not closing trades manually as seen on the links to related ideas. As a trader, one should know (and be aware) and practice a trading behavior as this may be one of the factors that may blowout your account. I have been trading over a year and I've been through a...