GBPound Down pt2
Hello everyone.
This is an update to my previous trade idea.
My idea is based on market structure with a top-down approach.
HTF: this week we find ourselves still inside the HTF continuation structure with better confirmation and development to the downside.
LTF : the chart reversed at the predicted POI zone with a strong LTF impulse ,i will be waiting for chart development to see if we can get another continuation pattern. I will be looking for entries on my entry timeframe.
While i understand the mechanics of my trading plan i take into consideration that the chart has no time limit and development {that i am looking for} might come sooner or take longer then others . if the chart does not fit my plan i will not trade and wait for further development
Thank You.
This is an update to my previous trade idea.
My idea is based on market structure with a top-down approach.
HTF: this week we find ourselves still inside the HTF continuation structure with better confirmation and development to the downside.
LTF : the chart reversed at the predicted POI zone with a strong LTF impulse ,i will be waiting for chart development to see if we can get another continuation pattern. I will be looking for entries on my entry timeframe.
While i understand the mechanics of my trading plan i take into consideration that the chart has no time limit and development {that i am looking for} might come sooner or take longer then others . if the chart does not fit my plan i will not trade and wait for further development
Thank You.
Note
Hello everyone.
just an update to this position.
Trade 1 : +13% { Trailing SL @ 7% }
Trade 2 : +3.5% {Trailing Sl B.E }
Planned TP for both trades at bottom of structure.
thank you.
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