ポンド／米ドルショート
LONGS BEFORE WE GO SHORT ON GBP/USD
GBP/USD 1W - As you can see price has pulled down and into an area of Demand, we are now seeing price reject well from here. I believe this may be the start of a correction before a continuation lower.
I will be looking to go long in this market to ride price up and into the area of Supply I have marked out above, this will act as an area to take profit from and an area we can look to go short from.
I will follow up with some further analysis on this pair going down to the lower timeframes, in order for us to get a refined entry and one thats going to offer us a good risk to reward ratio we must go down on timeframes.
This allows us to refine the positions we go onto place and it also helps us find the confluence and confirmation needed to actually go on to place the position. You can see here on the 1D that this market looks to be going short longer term with the break in structural lows.
I will be looking to go long in this market to ride price up and into the area of Supply I have marked out above, this will act as an area to take profit from and an area we can look to go short from.
I will follow up with some further analysis on this pair going down to the lower timeframes, in order for us to get a refined entry and one thats going to offer us a good risk to reward ratio we must go down on timeframes.
This allows us to refine the positions we go onto place and it also helps us find the confluence and confirmation needed to actually go on to place the position. You can see here on the 1D that this market looks to be going short longer term with the break in structural lows.
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