Looking to buy GBPUSD from buy area, wait for reversal sign,. Close trade at the target area (+40pips).
Overall GBPUSD looks bullish but be careful as there is the Services PMI report at 9:30 UK time which could have an impact on the pound currency.
Good luck traders!
So as you can see we have a double bottom forming on the 1H time frame and this is why I immediately advised to close most or all of the short trade when the position was +25pips. There are some important reversal signs to look out for.
It can be frustrating to be stopped out at break even after being in profit and this is why I look out for reversal signs and...
Trade the Bounces.
Tonight(5/20/2019), 7:00pm EST, according to Forex Factory, there is a red folder. Dont trade fundamental news if you dont feel comfortable. You do so at your own risk. Make sure you do proper management risk. General knowledge is to trade 0.01 size lot for every $100 that you have in your account.
GE GE WP
1. BALANCE remains BEARISH
2. TARGETS Below ( today and tomorrow full day of news, good time to gather some stoplosses)
3. London is on fire
Easy Trade, set your limit orders and forget about the trade
Hello Dear Traders and Investors,
I still holding some part of my SHORT trade ( read related Idea), till price hit H1 Low.
Going long only after provocation and clear CHANGE OF BALANCE in the market.
Do not Risk More than 5%!
REMEMBER: Its very important to put yourself in best conditions from the start, so choose trades with BETTER RATIO
To understand my...
Hello dear Traders and Investors!
Let's kick it with H4 Chart
Price has been traded in range since 8th March with such nice provocations. I closed some part of my shorts from 1.31190 ( classic entry after provocation), and rest i will leave, since we have PLC near lower border of H4 range.
From My Analysis your already know that PLC works great and we have to...
Multiple confluences starting from the broke of previous downtrend on daily timeframe, a broke and closure of previous weekly candle above 1.3000 which is a strong support level whit in the area.
I can see in the weekly candle that we are grabbing liquidity from last weeks inducing also retails to the downside making the trend obvious to accumulate liquidity for...
With the NFP news release, the GU has further remained aggressive to the upside after retesting the 50% fib level which was an area of interest for me as that was where i had my support and price bounced upward. On the 15mins TF, we can see price forming a continuation pattern and i look forward to more bulls to dominate the market till the resistance level around...