GBPUSD 1.39050 + 0.62% SHORT IDEA * PRICE ACTION & STRUCTURE
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.
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