GBP/USD turned to the downside, broke through the channel bottom and then came back up for a re-test of resistance. I will target the 200 EMA below but instead of holding a swing, I will scalp trade it on the way down.
Trade closed: target reached
Absolutely textbook example of a break and re-test strategy on the daily timeframe.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.