GBPUSD Price Action
My biggest trade of my trading career up to date. Take a look at the Daily, you can clearly see price nearing a very important area of value at a tripe top. If you take a look at the 4HR you can see price broke out of a bullish ascending channel below this area of value. Following this break price went on a bullish run to break the important are of value. Looking at raw price action its clear to see that price made a final bull run to catch Support/Resistance traders on the wrong side of the market before finally melting to the downside. The way we entered this trade: Following a fake breakout of the extension, we looked for 15 Minute continuation flags to the downside, and held it over the weekend. Huge Trade took in my favor, Clean price action for the pair. We see this time and time again happening over and over again, where price action will break an important area of value in a fake-out manner and continuing its move. For a better look on the bigger time frame check out my previous post on my profile where you can clearly see the important area of value.
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