GBPUSD 1.39396 - 0.07 % SHORT IDEA * PRICE ACTION AND CONT PTTNS
Updated
Hello everyone
Hope the markets have been good to each & everyone of you this week and a great day ahead, Here'as a look at the POUND / DOLLAR from some multiple time-frames
* When we take it from the monthly , weekly and Daily the pair is still very bullish meaning we might see continuation with the bulls on the
pair.
* The Pound slipped lower against its major counterparts at the tail-end of February, with the Euro, Japanese Yen, Swiss Franc and US
Dollar gaining ground against the currency.
* we saw the impulse and correction in the form of a bear flag which broke above of structure and retested structure but the bulls failed to
launch as the pair is ranging signalling a possible shift in momentum.
* looking for a retest of the base of the ascending channel
* follow your entry rules on entries
* significant moves with the bears change the plan.
* TIGHT SL
lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
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.
Hope the markets have been good to each & everyone of you this week and a great day ahead, Here'as a look at the POUND / DOLLAR from some multiple time-frames
* When we take it from the monthly , weekly and Daily the pair is still very bullish meaning we might see continuation with the bulls on the
pair.
* The Pound slipped lower against its major counterparts at the tail-end of February, with the Euro, Japanese Yen, Swiss Franc and US
Dollar gaining ground against the currency.
* we saw the impulse and correction in the form of a bear flag which broke above of structure and retested structure but the bulls failed to
launch as the pair is ranging signalling a possible shift in momentum.
* looking for a retest of the base of the ascending channel
* follow your entry rules on entries
* significant moves with the bears change the plan.
* TIGHT SL
lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
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.
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