About meI'm a full time trader focused on providing trading analysis mostly for GBPUSD. My main objective is precision. Entries are most important for me as it not only maximises profits but also minimises risk.
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...
Looking to sell GBPUSD from sell area, wait for exhaustion candle. Close trade at the target area (+30pips).
But be careful as GBPUSD has also shown reversal signs to the upside from the 1.26 area which is holding as a strong support level.