S/R Flip, quick scalp opportunity on the 240m for GBPUSD
Today, I'll give an example of how to trade the Support Resistance Flip or "S/R Flip" in short.
First of all, we can see a clear horizontal resistance that formed earlier. After the resistance has been broken and we see a quick retracement down, this old zone of resistance now forms the logical zone of support.
I expect the support zone to hold and continue the overall slightly upwards trend. A logical exit for this scalp would be on the smaller horizontal support that we found earlier that now might act as a resistance.
Please like this post if you found it useful :)
First of all, we can see a clear horizontal resistance that formed earlier. After the resistance has been broken and we see a quick retracement down, this old zone of resistance now forms the logical zone of support.
I expect the support zone to hold and continue the overall slightly upwards trend. A logical exit for this scalp would be on the smaller horizontal support that we found earlier that now might act as a resistance.
Please like this post if you found it useful :)
Thảo luận về những biến động và nói cùng nhau về thị trường giao dịch ở cộng đồng Telegram này nhé!
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
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.
Thảo luận về những biến động và nói cùng nhau về thị trường giao dịch ở cộng đồng Telegram này nhé!
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)
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.