NEW TRADE IDEA GBPUSD
Updated
- Primary Trade Setup
In case the pair goes back up to 61% the risk of taking a purchase is very low. In case the price closes below 61%, looking for a purchase is still possible but we must be careful since we would be entering the field of the last highs and that can also mean a change of structure, so it is better to divide the trade and take partial profits and protect operations. if you have the possibility to do it.
I hope this is a flag correction.
Secondary trade Setup
If the price decides to lower enough, it is necessary to wait for a retest in the area below the last stops before looking for a sale. However a break and retest would indicate a very powerful structure break.
Note: in a past image I sent a sale in a higher area, the price did not reach the area, however if this trade is successful this is a very, very good area to find a sale, in my opinion.
Note
I just realized that if we draw an uptrend line it coincides with the 61% retracement. It's just an aggregate but you have to be vigilant.Trade active
40 pips from the first entry.Note
move sl to be.Note
The price went up, I told them to move to Break even, at this moment we are watching the retest.Trade active
109 Pips from the second entry.
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