GBPUSD IDEAfinally a nice dip now i would love to see if market can make a nice pull back and then we see if we are still hunting the initial TP of 1.1780
Follow me for more analysis
Gusetup
GBPUSD IDEAStill tailing my GBPUSD trade idea we had some slight change in the set up but during the week market made some really nice moves
New short entry is based of an order block and an imbalance and also to make it lovely a resistance/ supply zone
GU flipped into bearish #2 (update)GBPUSD had nice bull rally from 1.3565 to 1.14952 with perfectly creating HH and HLs which later flipped into bearish at 1.14952.
It failed to break above HH but later breaks below HL, also it broke below the Rising wedge pattern which is considered as a bearish chart pattern that points to a reversal after a bull trend. Target of Rising wedge pattern are usually at where it started from which is around 0.618 fib level and yet not completed.
It confirmed the flip of trend by making LL and LHs, currently is in downtrend channel .
Entering short when candle confirms the break of ascending trendline would be perfect with SL at above previous LH which is 1.3% only. It would be low risk high reward play.
I'll do 3 TPs i.e. TP1- 0.5 fib, TP2- 0.618 fib and TP3 would be at 1.3565. Which we closed previously
GU retracted back to ascending trend-line which we broke previously and have updated on post 1 to add new shorts from that range
TP 1 : 0.5 fib
TP 2 : 0.618 fib
TP 3 : bottom of trendline
GBP/USD BUY IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
GBP/USD: Daytrade-Preparation
Market-Buy: 1,39520
Stop-Loss: 1,38600
Point of Risk-Reduction: 1,40175
Take-Profit: 1,41800
Stop-Loss: 92 pips
Risk: 0,5% -1%
Risk-Reward: 2,45
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
GBP/USD BUY SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
GBP/USD: Daytrade-Execution
Market-Buy-Order: 1,31175
Stop-Loss: 1,30700
Target 1: 1,31610
Target 2: 1,31895
Target 3: 1,32225
Stop-Loss: 47 pips
Risk: 0,5 % - 1%
Risk-Reward:2,22
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
