ive briefly explained this in the analysis. keep in mind we are due for a retest or whatever as gbp pairs are showing signs of exhaustions. anyways well ive got to go work. that slave life right...not for long though ;)
Comment:
nice, now wait for 4hr close, wait for 4hr retest, wait for a 30min key candles.and sell with 20-30pip stops
Comment:
stunning, RIP if you didnt move stops into profit. price moved down 100+pips before retracing from a demand zone on the lower frame.
It did exactly as expected. Break and Retest.
Try to understand what price is doing, we can see before the drop price consolidated for 24hrs. during this phase, not only did you get rejections and confirmation candles at our entry point but also a fakeout tricking breakout traders into buying early.
It did exactly as expected. Break and Retest.
Try to understand what price is doing, we can see before the drop price consolidated for 24hrs. during this phase, not only did you get rejections and confirmation candles at our entry point but also a fakeout tricking breakout traders into buying early.
Comment:
Stunning with just a 20pip stoploss you could have very easily caught over 70pips. Always alwasys move stops into profits, make the trade risk free and just let it run. Added to spreadsheet.