Trade Strategy: Trend Continuation
- Key Level (1-hourly chart): Retest at 1.2419
- Additional Setup (4-hourly chart): Bullish Shark Pattern at 1.2141
Analysis:
- Approach: Identifies potential opportunities for trend continuation trading
- Key Level: Looks for a retest at 1.2419 on the 1-hourly chart as an entry point
- Additional Setup: Considers stretching the target to 1.2141, the completion of a Bullish Shark Pattern on the 4-hourly chart
Trade Plan:
- Entry Point (1-hourly chart): Consider entering a short position on a retest at 1.2419
- Upsize Trade Management: Utilize Upsize Trade Management to extend the target to 1.2141
- Risk Management: Implement effective risk management techniques to safeguard trades
Insights:
GBPUSD exhibits potential for trend continuation trading, with a retest at 1.2419 offering an entry point on the 1-hourly chart. Additionally, consideration of stretching the target to 1.2141 aligns with the completion of a Bullish Shark Pattern on the 4-hourly chart. Employ prudent risk management practices to navigate market volatility.
📉📈 Exercise caution and prioritize risk management when trading GBPUSD based on trend continuation setups!
- Key Level (1-hourly chart): Retest at 1.2419
- Additional Setup (4-hourly chart): Bullish Shark Pattern at 1.2141
Analysis:
- Approach: Identifies potential opportunities for trend continuation trading
- Key Level: Looks for a retest at 1.2419 on the 1-hourly chart as an entry point
- Additional Setup: Considers stretching the target to 1.2141, the completion of a Bullish Shark Pattern on the 4-hourly chart
Trade Plan:
- Entry Point (1-hourly chart): Consider entering a short position on a retest at 1.2419
- Upsize Trade Management: Utilize Upsize Trade Management to extend the target to 1.2141
- Risk Management: Implement effective risk management techniques to safeguard trades
Insights:
GBPUSD exhibits potential for trend continuation trading, with a retest at 1.2419 offering an entry point on the 1-hourly chart. Additionally, consideration of stretching the target to 1.2141 aligns with the completion of a Bullish Shark Pattern on the 4-hourly chart. Employ prudent risk management practices to navigate market volatility.
📉📈 Exercise caution and prioritize risk management when trading GBPUSD based on trend continuation setups!
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🏦 Qualify Junior Analyst within 90days
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Live session & Trading Tips on the GO
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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.
🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
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.