GBP/USD 1H - Price has recently traded us lower to correct itself, pick up more Demand before taking a move higher. I have gone ahead and marked out the area in which price trade down and into.
With price breaking structure fractally on the 15M timeframes, we could look to add to our positions as this gives us enough confluence to suggest that price is now ready to continue with the higher timeframe bullish move.
This trade is currently running + 125 pips. (+ 5.4%) 5.4RR
A big well done to those of you who are still in on this trade, I have actually gone ahead and taken a full close on this but will continue to monitor the original position for those still in.
Those of you who are looking for another entry, as soon as I have something for you I will let you know, as I am also looking to get re-introduced. Any questions drop me a message or comment below!
With price breaking structure fractally on the 15M timeframes, we could look to add to our positions as this gives us enough confluence to suggest that price is now ready to continue with the higher timeframe bullish move.
This trade is currently running + 125 pips. (+ 5.4%) 5.4RR
A big well done to those of you who are still in on this trade, I have actually gone ahead and taken a full close on this but will continue to monitor the original position for those still in.
Those of you who are looking for another entry, as soon as I have something for you I will let you know, as I am also looking to get re-introduced. Any questions drop me a message or comment below!
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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.