GBPUSD supply zone + psychological level allow a juicy buy setup
Updated
Hi everybody! today we gonna procede to a quick scalp on GBPUSD
First thing we can notice is that the psychological level of 1.38000 resisting well.
the price already bounced on it 3 times meaning the bears are losing strength.
So buying is interesting since it could be the beginning of a strong leg up
breaking above EMAS and alowing them
to cross bullish therefore confirming the movement.
the bullish engulfing serve as a nice entry setup
with tight SL
let's go!
exceptionally ill reduce my risk per trade for this one. rather than 2% im gonna put 0.5% since this is a scalp and usually i day trade using h1/h4/D charts.
First thing we can notice is that the psychological level of 1.38000 resisting well.
the price already bounced on it 3 times meaning the bears are losing strength.
So buying is interesting since it could be the beginning of a strong leg up
breaking above EMAS and alowing them
to cross bullish therefore confirming the movement.
the bullish engulfing serve as a nice entry setup
with tight SL
let's go!
exceptionally ill reduce my risk per trade for this one. rather than 2% im gonna put 0.5% since this is a scalp and usually i day trade using h1/h4/D charts.
Trade active
if you would like a safer entry you can enter when price will allow you the second entry option (at the retest)persoent its without remorse that i enter. risk is already reduced, everything good
Note
this is how the target was fixed using harmonic pattern strategy Note
took half profit nowreentry is possible soon with normal risk and more classic SL height
Trade active
Trade closed: target reached
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