GBPUSD Trade Plan @ 4 Hrs
Trade Plan:
Wait for the Price Re-Test near point H.
If the price is not able to break the Resistance (Previous Support)
then wait for a Strong Bearish Candle Closure and then place an order.
Place an SL above the Resistance and TPs at 1:1, 1:2, and 1:3.
If it breaks the Potential Support 1, then the price may go down to Potential Support 2 and 3.
Wait for the Price Re-Test near point H.
If the price is not able to break the Resistance (Previous Support)
then wait for a Strong Bearish Candle Closure and then place an order.
Place an SL above the Resistance and TPs at 1:1, 1:2, and 1:3.
If it breaks the Potential Support 1, then the price may go down to Potential Support 2 and 3.
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.