FXNAZ

Long Position on GBPUSD

Long
FX:GBPUSD   British Pound / U.S. Dollar
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0
So, the big boys have done it again, robbing from us peasants, creating a support then busting a fakout heading to the upside, snipers carry BIG risk,
don't be fooled by this trade, almost got stopped but from experience I know there's always a little manipulation first before the real move.

Wave analysis Trade

Channels

Using multiple time frames to take this trade, However this could still hit stop loss as Hit rate on these trades aren't too great, but definitely worth it when it does go well.

Trade safe as always.

Comments

Why do you buy in a bearish market when price needs to balance below? I understand there are imbalances above as well but price needs to balance below before rising up. Furthermore we have had break of bullish structure indicating a continuation to the downside.
Reply
FXNAZ AK2715
@AK2715, Catching a falling knife to be honest, however I did manage to catch AUDUSD that way, identifying the last wave up, stay tuned you'll see my better trades
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You can be part of the ‘big boys’ if you stop trading lower timeframes here’s my idea
Reply
FXNAZ UnknownUnicorn4271694
@UnknownUnicorn4271694, I do not think Price will go down to that level. Although I agree the Trade was not a desirable one, however sometimes I like to dabble in those sniper attempts, You win some you lose some
Reply
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