GBPUSD Could bounce soon. Buy the pullback
Updated
*The price was breaking the major trend line
*Price is in a correction stage now after a strong impulse
HOW TO TRADE:
1) Wait for the price to pullback to the structure
2) Watch the price action in the buying/selling zone, if the price shows a signal/rejection in the structure enter the trade.
3) Adjust stop loss to break even when the price already runs 1:1 RR ratio in our favor.
(Note: Do not enter the trade if the price do not come to the buying/selling zone).
This trade is using trend following strategy, Loss small, Win BIG.
Remember to always follow these rules: (1) Cut losses. (2) Ride winners. (3) Keep bets small. (4) Follow the rules without question. (5) Know when to break the rules.
You can always take your profit based on your own trading style. It's your call.
Good luck.
Please like, comment, and follow to support the author if you find this analysis helpful.
*Price is in a correction stage now after a strong impulse
HOW TO TRADE:
1) Wait for the price to pullback to the structure
2) Watch the price action in the buying/selling zone, if the price shows a signal/rejection in the structure enter the trade.
3) Adjust stop loss to break even when the price already runs 1:1 RR ratio in our favor.
(Note: Do not enter the trade if the price do not come to the buying/selling zone).
This trade is using trend following strategy, Loss small, Win BIG.
Remember to always follow these rules: (1) Cut losses. (2) Ride winners. (3) Keep bets small. (4) Follow the rules without question. (5) Know when to break the rules.
You can always take your profit based on your own trading style. It's your call.
Good luck.
Please like, comment, and follow to support the author if you find this analysis helpful.
Trade active
Note
Triggered
Note
Adjust your stoploss to breakeven. Don't let your win turn into loses.
Risk free trade now. Good luck.
Note
Nice rally, breaking out the structure.Note
You can trail your stop loss 110 pips, move your stop loss manually, whatever you feel comfortable. Managing your trade is very important. Know your exit.Note
Nice
Note
1.3107 NowNote
Please take 50% of your profit. Let the rest run.
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