The previous highs happens to be a 0.382 retracement level coming in at a very psychological level (1.30$)
With this set-up you will simply be trading in the direction of the short term trend and never again will you have to pick a high or low.
So why sell this market?
A dip down to the 1.50 extension illustrates a bearish trending market
Pullback up to 0.618-0.786 area
Bearish hidden divergences
Not expecting 1.30 sellers to give up the highs. Protective stops are placed at 1.301, 3 pips above the previous highs.
Good luck to everyone trading GBP/USD!!
تعليق
You dont really need any oscillator or indicator to be confirming these kind of set-ups, but it sure looks good when you add them onto it as illustrated here ( and on most of my charts )
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.