GBPUSD 1.39050 + 0.62% SHORT IDEA * PRICE ACTION & STRUCTURE
Updated
Hey everyone
Hope you guys are good new week new opportunities, Here's a look at the POUND / DOLLAR from the DAILY chart.
* The pair has been trading in a ascending channel respecting structure to some extend, the pair saw a rejection at the roof of structure
pushed down with the bears now trading in a correction of this move.
* Looking for continuation with the bears as price corrects will be looking for any form of continuation patterns.
* Looking also for a ''W'' formation before we see continuation with the bears.
* follow your entry rules on entries
* significant moves with the bulls change the plan.
* TIGHT SL
lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Hope you guys are good new week new opportunities, Here's a look at the POUND / DOLLAR from the DAILY chart.
* The pair has been trading in a ascending channel respecting structure to some extend, the pair saw a rejection at the roof of structure
pushed down with the bears now trading in a correction of this move.
* Looking for continuation with the bears as price corrects will be looking for any form of continuation patterns.
* Looking also for a ''W'' formation before we see continuation with the bears.
* follow your entry rules on entries
* significant moves with the bulls change the plan.
* TIGHT SL
lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Note
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.