Buy opportunity for Gbp/usd ...after crazy ride
Hey traders ,
for the days ahead , i see that the price in all time frames except 1min and 5 min and 15 min the trend is downtrend , the price is above MA 200 so we have to search about short bias but this is not for me right now , second the AOV- area of value is on the new support -the old resistance and closed on Friday with new resistance on 1.28400.
The entry Trigger was the nice reversal candle on H4 ,or you can see it on lower time frames.
If this bullish setup continues we aim on 1.29000, if this break the next station is on the lows of 1.26634
Set stop loss 1.28000
Care its high risk trade because the Trend is downtrend and the news is not good for gbp , but we cant see the reversal candle and dont use it ,
the main trade on this one is that will fall down , but for the week ahead maybe bounce at the price that mention before.
Thank You
for the days ahead , i see that the price in all time frames except 1min and 5 min and 15 min the trend is downtrend , the price is above MA 200 so we have to search about short bias but this is not for me right now , second the AOV- area of value is on the new support -the old resistance and closed on Friday with new resistance on 1.28400.
The entry Trigger was the nice reversal candle on H4 ,or you can see it on lower time frames.
If this bullish setup continues we aim on 1.29000, if this break the next station is on the lows of 1.26634
Set stop loss 1.28000
Care its high risk trade because the Trend is downtrend and the news is not good for gbp , but we cant see the reversal candle and dont use it ,
the main trade on this one is that will fall down , but for the week ahead maybe bounce at the price that mention before.
Thank You
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