British Pound / U.S. Dollar

Short

#3 - Price Action 4H - 1H - 30M

Updated

4H: Identify trend following of 4H
- Buy when uptrend
- Sell when downtrend
- Wait if sideway

1H: Observing the price action at the key level (breakout, retest, false break)

30M: Finding the best entry for perfect Risk/Reward ratio

Note

4H's forming down trend

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Note

1H is about to breakout key level support. Waiting for break and retest

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Note

30m, waiting for a break-out and retest

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Note

15m chart for a deep look in price action

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Note

Patient!

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Order cancelled

Cancel trade because price not breaking out, it pulls back to continue up trend.

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Note

Bullish is not strong enough. Still waiting for a break-out for bearish

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Note

Well, I'm FOMO on GU. 1m rejects this level several time. I enter a trade with 2 targets.

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Trade active

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Related publications

#1 - Price Action 4H - 1H - 30M - [TP RR: 1 - 2.7]

#2 - Price Action 4H - 1H - 30M

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