Scenario #1
After price break the key level support,
we will wait for a retest (where support now possible become a resistance)
and wait for a confirmation to short
with target to the lowest yearly level.
Scenario #2
If price move back up,
key level support is still intact and valid..
might entering a consolidation or sideway phase
before any breakout..
if breakout happened, always wait for a confirmation before open position...
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FX ID Group
fxidgroup.com
telegram.me/fxidgroup
Email: info@fxidgroup.com
After price break the key level support,
we will wait for a retest (where support now possible become a resistance)
and wait for a confirmation to short
with target to the lowest yearly level.
Scenario #2
If price move back up,
key level support is still intact and valid..
might entering a consolidation or sideway phase
before any breakout..
if breakout happened, always wait for a confirmation before open position...
Please add a comment... Positive feedback and constructive criticism...
Subscribe, follow, and like...
Thank you for your support.
FX ID Group
fxidgroup.com
telegram.me/fxidgroup
Email: info@fxidgroup.com
Note
GBP no retrace o_oLOL
Have you ever heard a quote...
"A trading setup is like a train, there's always another one coming."
Note
possible sell on any ralliesTrade active
enter small positions :)Note
Sell zoneNote
Re-enter another short positionNote
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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.
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.