Yoooo whats up my 20 viewers LOL, so as of right now im looking for potential setups for later on tonight. As we saw earlier, GBP saw a HUGE drop this morning, and i was not expecting it to do that at all so i missed out on some potential gains, but thats ok because here we are now. We are at the BOTTOM of an uptrend that GBP has established for the last week or so, and its fairly apparent.
What we are waiting for here is for price to either bounce off of the support (TREND LINE) and we can be safe continuing up, or we could see a break of the trend finally. IF this level is broken, we are going to see a massive drop i feel since price is actually pretty high on the DAILY chart.
As always, practice good risk management, but yea, if we bounce and go back up, use the orange path for guidance and if we end up breaking, please WAIT FOR CONFIRMATION before shorting, using the purple path as a guide for price direction
Trade safe, and remember, we are patient and accurate, we dont need to enter 100 setups, just 1 and take advantage of that ONE setup.
What we are waiting for here is for price to either bounce off of the support (TREND LINE) and we can be safe continuing up, or we could see a break of the trend finally. IF this level is broken, we are going to see a massive drop i feel since price is actually pretty high on the DAILY chart.
As always, practice good risk management, but yea, if we bounce and go back up, use the orange path for guidance and if we end up breaking, please WAIT FOR CONFIRMATION before shorting, using the purple path as a guide for price direction
Trade safe, and remember, we are patient and accurate, we dont need to enter 100 setups, just 1 and take advantage of that ONE setup.
