welcome to another free trade-plan.
Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
Waiting for break below purple line (Support).
Market Sell: 1,24455
Target 1: 1,24000
Target 2: 1,23590
Target 3: 1,23060
Stop-Loss: 58 pips
FRIDAY, 1st MAY 2020
#GBPUSD SELL (Swing Trade RR 1:4)
ENTRY = Now 1.25700
SL = 1.26600 (-90 PIPS)
TP = 1.21700 (+400 PIPS)
PLEASE USE YOUR OWN MONEY MANAGEMENT RULES
Your Money is Your Own Responsibility
This is my take on GBP/USD big short and then longs for a change in market structure...there is little hidden gem in this about head and shoulders for you all.
Doesn't need much of a description as it's all in the video.
Like and Follow for more content...aud/cad and sp500 to follow soon.
Yesterday i posted my analysis on GBPUSD. Right now the pair closed the 4hours candle on the 0.618 FIB and also leaving decent size wicks at the top if you look at the 1 hour chart. From here USD should begin to pick up strength i believe. Check out yesterdays analysis to see where this can go from here
For now, we don't know whether this will be False Breakout or not, but based on other GBP pairs I think it is. If the price will break back below with strong confirmation candle, we would join the movement!