GBP USD SCALP
Updated
Currently at supply area
Volume suggests heavy supply coming in
Market should go down to Demand area
AGAINST MAJOR TREND so quite risky
Volume suggests heavy supply coming in
Market should go down to Demand area
AGAINST MAJOR TREND so quite risky
Note
Come to think of it, I think the 4 Hour upwards fibonacci will be retested around 1.2968If this idea is valid, i will put my stoploss to break even once the demand area is reached and let the trade run
If prices reached above 1.3047, i will cut the loss short
Note
Bullish pennant just formed which is bad for our tradeBut since i dont trade chart patterns, i will leave the trade be
Note
I was stopped out before my target was reached
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