We are observing a strengthening of the British pound (GBP) against the US dollar (USD) just hours before the Fed's interest rate announcement. The market has broken a significant swing high at the 1.241 level and is heading towards a supply zone at the 1.24200 level. This zone is within a resistance/support area on the H4 timeframe ranging from 1.243 to 1.25,...
We have POW reversal strategy in use here for this trade.
Trade details for current trade are shown on the chart.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little red arrow is entry point and purple line is stop loss.
Previous trades can be seen on chart also.
This strategy is designed...
Risk: 1%.
- Upterm (Long): Buy
+ When the price crossing up (Crossover) the Upper line gives 1 point.
- Downterm (Short): Sell
+ When the price crossing down (Crossunder) the Lower line gives 1 point.
- 2 or more points (> = 2), the entry conditions are met
- The entry point for the highest winning rate: when the price adjusts to the Upper / Lower line, the order...
