BRITISH POUND / U.S. DOLLAR to BUY
GBP/USD is getting ready to go LONG.
Market has been in a downtrend for about 2 weeks.
A crucial support line has been hit in this drop.
Wait for confirmation of trend change, then find your entry.
Expecting a change in trend within the next week.
Scalp/day/swing trade market to the upside.
You pick your exit point.
DISCLAIMER;
Trading carries risks, ideas are for guideline purposes only.
Do set stop losses when trading & be generous with how much room allowed for candle wicks.
There is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
Example of how I find my entry;
Market has been in a downtrend for about 2 weeks.
A crucial support line has been hit in this drop.
Wait for confirmation of trend change, then find your entry.
Expecting a change in trend within the next week.
Scalp/day/swing trade market to the upside.
You pick your exit point.
DISCLAIMER;
Trading carries risks, ideas are for guideline purposes only.
Do set stop losses when trading & be generous with how much room allowed for candle wicks.
There is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
Example of how I find my entry;
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