GBPUSD LONG IDEA (Bullish Cypher)
Looking to place a buy limit at 1.21381.
Trade closed manually
Buy limit order opened and closed manually at 1.21530 in 15 pips profit.Note
(Journal) Small profits bagged but, due to not paying attention to the overall trend on the larger frame. I believe this is a major pitfall for many traders, I'm glad I'm keeping a journal of all the ideas I post because man if I didn't write down where and why I went wrong, my trading career would be finishedddd. 😂Obviously 15 pips is better than 0 pips so I'm grateful, but by zooming out I can see NO:
-Shift in Momentum.
-Potential Reversal.
-Strong Bullish Impulse moves.
Therefore, price is still looking weak & it's difficult to "predict" or make a "calculated decision" in a ranging environment. Just gotta wait for that breakout on the 4H+ and make a trade accordingly.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.