GBPUSD - the DROP, how to trade it?

١٨ يونيو ٢٠٢٣

GBPUSD still looking BULLISH across the board however, there's an opportunity for a nice 150pips drop before the next rally to the upside.
DXY is looking to have a nice bounce which means there's a possibility for SHORT on xxxUSD which is why we are looking to attack GU SHORT first before the rally.

ENTRIES

#1 ENTRY -: Take a SHORT at current price or wait for push up to the reaction box AND take the SHORT.

#2 Entry -: Wait for the DROP and take a LONG at 800ema on D1 OR at the PREVIOUS MONTH HIGH

INVALIDATION

On #1 Entry, Set a 60pips Inv.
On #2 Entry, exit LONGS when we fix below the BASELINE.

TARGETS
#1 Exit at PREVIOUS MONTH HIGH
#2 Exit at MAIN PREVIOUS HIGH


P.S I trade with literally zero complicated analysis and still maintain 90% HIT RATE on my LIVE TRADES and ideas.