GBPUSD: Inside day candle
Yesterday I highlighted some about trading inside day formed only in technical level. looking at this pair, clearly supports my statement. on monday we close with an inside-day candle in a very key level or technical level(trend line). Yesterday when price opened, during the asian session we got a false break to the upper side, boom when the london session opened we saw all the higher prices rejected & even busted the trend line & closed below it. so a false asian breakout & reversal set up we usually trade them live, since i missed it i have to set a 50% retracement to get a better price entry. now that we are trading on the negative side of the trade line, lets wait and see how it goes.
Good luck :)
Good luck :)
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