GBPUSD - Look for Continuation Short (SWING) 1:5!
Updated
The price has clearly broken the HTF trendline and is making a significant correction towards the highest supply zone, taking orders before continuing the bearish trend.
Expect slower market movement as most orders have been closed for profit-taking, and no major impact news remains except on the CAD pair, which may slightly affect the USD. Regardless of the situation, proper risk management is essential!
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Expect slower market movement as most orders have been closed for profit-taking, and no major impact news remains except on the CAD pair, which may slightly affect the USD. Regardless of the situation, proper risk management is essential!
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Trade active
44 pips in profit and counting! Secure your entry by moving your stop loss to break even and let the market work in your favor. 😊
Trade closed manually
Price reacted and made a correction before continuing its upward trend, offering an opportunity to catch around 77 pips if the entry was managed properly.
As always, be prepared for a reverse entry if the price forms a new market structure. In this case, the price action is creating a bullish momentum, marked by a new high (H), followed by a higher low (HL), and so on.
_S.Fx_
Disclaimer
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