thillygoosth

GBP/USD sell- BUT READ!

Short
OANDA:GBPUSD   British Pound / U.S. Dollar
This was the one I have been waiting for. told you a while back... could break the trend line on the weekly and shoot back... But you have to understand how price moves. These USD pairs can create larger corrective patterns, or they just go so you don't just go jumping in everything. Either way, they will pull back at some point, or at least make a small flag where you know where your stop is. You see that divergence? That was worth a sell stop under the diagonal structure. We have USD news tomorrow morning. They are at a point that they could just reverse and go and go, but you have to trade structure to limit risk... Don't just jump in a trade and hold it hoping it goes. Maybe the dollar keeps tanking? Who are we Nostraldomus? I had people liking US dollar pair setups I posted days ago after the fact, that either never happened, or only consolidated (which was your sign to get out), but you shouldn't be entering trades and holding and praying.

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