What A Way To End The Year As Well As The Trend
GBPUSD This has to be the best idea am dropping hear on trading view so far, because of it's risk to reward ratio, which is over 1:10, highly rewarding. And it just looks unassuming 🤦♂️😎
Lets analyze, looking at the 1D timeframe, a more responsible timeframe to look out to in a Daily or intra day trade of a bearish currency pair (GBPUSD), the last two long red candlesticks evolves from the last created resistance zone, leaving those fair value gaps behind, and as well as unmitigated. When the fair value gap is filled to the immediate supply or resistance zone by the buyers, as we can currently see them riding on the pullback, we expect to market to drastically continue the trend, thereby making us a new lower low.
In other words, a lower timeframe is required to see clearly the structures produced by the sellers, ofwhich placing your entry on the last created and unmitigated structure, and your stop loss slightly above it's lower high minimizes your risk and maximizes the return. An instance on the 30Min timeframe of GBPUSD, same timeframe where the liquidity is clearly visible as well, when the pullback breaks through the trend line(liquidity) into the demand zone, the downtrend just irresistibly continues until it makes a new lower low. Remember if you can't see the liquidity, then you're the liquidity. Peace 🕊️💯
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.