SWING TRADE- GBP/USD- SELL FROM 1.25500-1.25700 REGION

23 июн. 2020 г.

CONTINUATION GU - FROM 1.25500-1.25700 REGION

LOOKING TO GO SHORT GU FROM OUR BLUE ZONE WE HAVE CONFLUENCES THAT AT THE 1.25500-1.25700 REGION WE COULD SEE SOME SORT OF SELL OFF IN THIS REGION WE HAVE 61%FIB ALSO A TREND LINE AND TWO PRICE GAPS THAT HAVE TO GET FILLED UP IN THIS AREA

ALSO WE HAVE ELLIOT WAVE WHICH LINES UP PERFECTLY WITH THE 4 WAVE I THINK THIS IS JUST A PULL BACK BEFORE WE SEE PRICE DROP TO AROUND 1.22500 THIS IS WHERE OUR FIRST TAKE PROFIT IS OUR SECOND TAKE PROFIT IS 1.21700 THIS GIVES US AROUND 320-400 PIP TARGET DEPENDING ON ENTRY

SELL LIMIT 1 SELL LIMIT 2
ENTRY; 1.25550 ENTRY;1.25700
TP;1.22500 TP;1.21700
SL;1.25750 SL;1.25850
R:R; 1:15 R:R; 1:26

REASONS FOR GU SELL
61% FIB
DOWNWARD TREND LINE
LIQUITITY TRAPPED IN 1.25500-1.25700
R2(INTRADAY)(15)
4TH ELLIOT WAVE - MEANING NEEDS TO AST LEAST GO BACK TO PREVIOUS LOW

I WILL LOOK AT PRICE ACTION BEFORE ENTERING THIS TRADE LOOK FOR BEARISH REVERSAL ON LOWER TIMEFRAME IN THE AREA OF 1.25500-1.25700

IF YOU SEE BULLISH MOMENTUM PAST 1.25800 DO NOT ENTER

TRADE AT YOUR OWN RISK

28 июн. 2020 г.

Заметка

WE CAME UP TO THE REGION MENTIONED BEFORE DROPPING OFF 200 PIPS FROM ENTRY A VERY CLEAN TRADE