GBPUSD looking for a sell setup.
The GBPUSD is still in consolidation, now looking more down than up .
I will be selling on break and lower degree consolidation.
At this point an am expected to tell you the the GBP is weak because of this or that and i am expecting this person to say bla bla and that some fundamental indication is showing ;;;;;;; because the Chinese stock market is going crazy and the USD is bla bla ... well guess what , I DON'T KNOW A THING ABOUT ALL THOSE STUFF and I doubt anyone here knows.
I look at the charts for patterns that has a HIGH PROBABILITY of going one way or the other (based on past studies) and if it does that I take the trade with a good Risk management.
Like if you agree.
I will be selling on break and lower degree consolidation.
At this point an am expected to tell you the the GBP is weak because of this or that and i am expecting this person to say bla bla and that some fundamental indication is showing ;;;;;;; because the Chinese stock market is going crazy and the USD is bla bla ... well guess what , I DON'T KNOW A THING ABOUT ALL THOSE STUFF and I doubt anyone here knows.
I look at the charts for patterns that has a HIGH PROBABILITY of going one way or the other (based on past studies) and if it does that I take the trade with a good Risk management.
Like if you agree.
YouTube: youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
Facebook: facebook.com/ProwaveTrader
Training : add to skype mangal457
Facebook: facebook.com/ProwaveTrader
Training : add to skype mangal457
Related publications
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.