FOREXCOM:GBPUSD   British Pound / U.S. Dollar
38 0
#GBP/USD - Here we can see price approaching the supply zone (red box). Usually this would mean a strong selling opportunity since it hasnt been previously breached in this chart. The reason a trader may be hesitant to sell is because if it does drop , it is more than likely to react to the closest support level which is at A. If i have placed my stop loss at B to give the trade enough room to push up to the next resistance level without stopping me out, the risk/reward ratio works out to be less than 1:2 which isnt a statistically benificial trade. Reguardless whether price actually does drop , sticking to a traders personal rules is the key difference between calculated risk and speculation.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out