Get started
British Pound / U.S. Dollar
Long

GBPUSD Long Intraday

By RedPillFX
Updated
Will be looking for a possible "price exhaustion" condition on lower time frames for a buy in the highlighted zone.
Comment
Stop loss would be 20 pips for me, only if I observe what I call "price exhaustion" on 15min and 5 min chart.
Comment
Running 30-35 pips in profit. Stop loss should be at break-even now. Price might come back during London session for a re-entry, but I see a higher probability of it keeping going in the direction.
candlestickpatternChart PatternsgbpusudintradayLONGpoundpounddollarpriceactionscalpTrend Analysis

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.