GBPUSD has formed a Morbozu on 15M trendline Resistance And broken a 15M support with this Morbozu followed by a Hanging Man as we know Price Action is a king and we take our trades based on Price action so we entered the trade with beautiful 1:2.4 R:R we hope for the best and currency strength meter also notifies that GBP is losing strength and USD is getting...
How can you become a successful trader ?
To be a successful trader ,
- you must enter from a valid entry point
- you must set a correct stop loss
- have to set a target to get out
if you stick to these rules
you will be super rich soon
you must be patient and stay away from greed
and you must have experience
this market is not based on feelings
this is a war and...
4H CHART EXPLANATION:
We observe that price broke the Ascending Trendline and now it is consolidating on a corrective structure. This is a nice opportunity to trade since most of Major USD pairs are in similar situations, but we need to be careful because it could be a very volatile situation, so, taking short positions below the support zone could be a good...
