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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Related publications
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.