GBPUSD - the DROP, how to trade it?
GBPUSD still looking BULLISH across the board however, there's an opportunity for a nice 150pips drop before the next rally to the upside.
DXY is looking to have a nice bounce which means there's a possibility for SHORT on xxxUSD which is why we are looking to attack GU SHORT first before the rally.
ENTRIES
#1 ENTRY -: Take a SHORT at current price or wait for push up to the reaction box AND take the SHORT.
#2 Entry -: Wait for the DROP and take a LONG at 800ema on D1 OR at the PREVIOUS MONTH HIGH
INVALIDATION
On #1 Entry, Set a 60pips Inv.
On #2 Entry, exit LONGS when we fix below the BASELINE.
TARGETS
#1 Exit at PREVIOUS MONTH HIGH
#2 Exit at MAIN PREVIOUS HIGH
P.S I trade with literally zero complicated analysis and still maintain 90% HIT RATE on my LIVE TRADES and ideas.
DXY is looking to have a nice bounce which means there's a possibility for SHORT on xxxUSD which is why we are looking to attack GU SHORT first before the rally.
ENTRIES
#1 ENTRY -: Take a SHORT at current price or wait for push up to the reaction box AND take the SHORT.
#2 Entry -: Wait for the DROP and take a LONG at 800ema on D1 OR at the PREVIOUS MONTH HIGH
INVALIDATION
On #1 Entry, Set a 60pips Inv.
On #2 Entry, exit LONGS when we fix below the BASELINE.
TARGETS
#1 Exit at PREVIOUS MONTH HIGH
#2 Exit at MAIN PREVIOUS HIGH
P.S I trade with literally zero complicated analysis and still maintain 90% HIT RATE on my LIVE TRADES and ideas.
I have MADE $300k+ payouts with my strategy. Join my FREE CHANNEL for important SWINGS
⭐️TRADING FLOOR -: t.me/thehoodcave
Join the BEST SIGNAL GROUP for $3. (You get charge ONLY if signal is PROFIT) -> t.me/thehoodcave_bot
⭐️TRADING FLOOR -: t.me/thehoodcave
Join the BEST SIGNAL GROUP for $3. (You get charge ONLY if signal is PROFIT) -> t.me/thehoodcave_bot
Related publications
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.