Hey everyone.
Check out the our last idea about the GBPUSD short trade for better understanding this one. Price dropped nearly to the same level where GBPUSD started its bullish run, where its holding the same level for a few hours now. Going into Asian we do not expect price to move much, but in the early morning somewhere before London or inside the session, we will be waiting for another last fake out to the downside. Looking to the left we see a wick and we are waiting for something like this in this scenario too. This is where we enter our long position with stops below the lowest level of this whole wave.
Good luck.
Check out the our last idea about the GBPUSD short trade for better understanding this one. Price dropped nearly to the same level where GBPUSD started its bullish run, where its holding the same level for a few hours now. Going into Asian we do not expect price to move much, but in the early morning somewhere before London or inside the session, we will be waiting for another last fake out to the downside. Looking to the left we see a wick and we are waiting for something like this in this scenario too. This is where we enter our long position with stops below the lowest level of this whole wave.
Good luck.
Comment:
Waiting for Londons move.
Trade active:
Price reached zone. Buy active
Comment:
You see the wick on 4h and the reversal candle pattern in 1h ? Price is ready for a rise.
Comment:
40 Pips in profit
Comment:
*+140
Trade closed manually:
We closed the trade at the spike near our take profit. There can be much more upside but for this trade we are done.