GBPUSD Buy Setup
- look for buy with DXY down move confirmation
- risk attempt with tight SL
- targeting at least towards previous high at level 1.39500
- aim for longer swing trade target to 1.40000 and above
- look for buy with DXY down move confirmation
- risk attempt with tight SL
- targeting at least towards previous high at level 1.39500
- aim for longer swing trade target to 1.40000 and above
Note
careful not to enter too early without confirmationit might go one more down before reversing to the upside
Note
In the tradeNote
Trade closed with small profitTrade not ready to go and it could come down break previous low
Will look for reentry again
Note
Was able to avoid the down move of taking the SL but didnt able to have a nice buy entry and missed the trade
For those in the buy, try take some profit whenever there's break of structure high
as there's still potential for deep pullback if DXY reversing up trend
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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.