Get started
ShaquanLopez

Forex Journal #1- GBPUSD Counter Trade

Short
British Pound / U.S. Dollar (EIGHTCAP:GBPUSD)  
ShaquanLopez  
EIGHTCAP:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Supply and Demand Candlestick Analysis GBPUSD gbpusdshort gbpusdanalysis trendtrading countertrend
6
0
trendanalysis supplyanddemand candlestick gbpusd gbpusdshort gbpusdanalysis trendtrading countertrend
In my journal, I'm noticing GBPUSD made a new lower low on the 4 hour timeframe. Although price in in an uptrend as clearly seen on the daily and weekly timeframe, any sells taken will be a countertrend trade.

I prefer to trade down to my weekly estimation zone 1.27585 and entering on the 4 hour timeframe to keep the stop loss small.

Trade at your own risk and risk level.

I'd love if you can reply your thoughts and like the video for more.

Related Ideas

ShaquanLopez
Forex Journal #3 : GBPUSD Keeps Falling
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.