GBPUSD 1.31807 + 0.29 % LONG IDEA SWING * PRICE ACTION CONTINUAT
HEY EVERYONE
Here's a look at the GBPUSD pair currently testing some strong resistance levels looking for continuation to the upside long term but currently watching price to see if we'll enter in some pull back to go test the 50 % Fibonacci level as it aligns with previous swing low on the chart, candle stick patterns will come into play and price as we enter into this one.
As always looking for direction and overall market view on higher time-frames but for entries we'll scale down to lower time-frames for entries and intraday executions.
kindly follow your rules on entries and exits of trades & here are some of mine below.
hope this assists with your trading in anyway.
* ENTRIES & EXITS
1. will be looking for a breakout clean cut price breakout on the pair.
2. RSI is overbought so will be looking for a pull back to structure before continuation.
3. will be looking for entries from 30M , 1H, 2H & 4H time-frames if taking the trade long term.
4. aggressive trades can be executed on the pull back
5. price action must definitely align with the plan.'
6. structure definitely
7. the 20 EMA must be respected as support / see a bounce at this structure
8. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S .
so i will most like's enter this one in a bit but i hope this idea assists in any way on your trading plan.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Here's a look at the GBPUSD pair currently testing some strong resistance levels looking for continuation to the upside long term but currently watching price to see if we'll enter in some pull back to go test the 50 % Fibonacci level as it aligns with previous swing low on the chart, candle stick patterns will come into play and price as we enter into this one.
As always looking for direction and overall market view on higher time-frames but for entries we'll scale down to lower time-frames for entries and intraday executions.
kindly follow your rules on entries and exits of trades & here are some of mine below.
hope this assists with your trading in anyway.
* ENTRIES & EXITS
1. will be looking for a breakout clean cut price breakout on the pair.
2. RSI is overbought so will be looking for a pull back to structure before continuation.
3. will be looking for entries from 30M , 1H, 2H & 4H time-frames if taking the trade long term.
4. aggressive trades can be executed on the pull back
5. price action must definitely align with the plan.'
6. structure definitely
7. the 20 EMA must be respected as support / see a bounce at this structure
8. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S .
so i will most like's enter this one in a bit but i hope this idea assists in any way on your trading plan.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Trade closed: target reached:
1. target 1 successful
2. adjust SL to break even hold risk free
2. adjust SL to break even hold risk free
