GBPUSD short term Swing (200+ pips)

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Recently, I've come to realize that no matter what your trading strategy is, it works. However, I've identified a problem with my own approach some years back - I needed to put in more effort in practicing patience both on and off the charts. If you're also struggling, I recommend practicing more patience. My personal philosophy in the market is to "let the market come to you." Currently, I have my sights set on this pair, i'll be looking to trade a sell at 1.2500. My analysis suggests it will go down to 1.2300, possibly even 1.2070, before embarking on a thrilling bull run of over 1900 pips. This analysis is a build upon my previous discussions on the pair here, you can check my previous analysis, Trade safe and I'll keep this space updated

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تعليق

This fascinating market perspective suggests that there may be a new development on the horizon. Despite remaining within the 1.2470 to 1.2390 range, there is a possibility that the price will dip below. The key aspect to note is that if the price closes below 1.2390, it is likely that a new supply level will emerge at 1.2435. In this case, I intend to take a short position, with a first target of 1.2300 and a maximum stop loss of 20 pips at 1.2455. If the price fails to meet this condition, the initial setup at 1.2500 will remain, and I will keep you updated on any changes

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تعليق

Still, following up on this, we're currently 100 pips in profit, We'll be expecting a pullback and hen get on in again, this is the shape of my mind on this