Okay guys I took a long position today on GBP/USD because price found a support at 1.28000 key area level. Price couldnt push any lower resulting in a bounce off of there not only bouncing but changing the direction of the trend and price structure the 4H from down trend to up trend.
I now wasnt looking for anything but a Long position.
I took a trade from this level upto the 1.29000 key level yesterday then patiently waited to see what price would do.
Price then broke this level early morning telling me we was moving higher SO i waited for price to move back down to 1.29000 level for a re test and scaled in on the 15min ready for a rejection and a lower high to be formed.
This is how the trade went
Ill take that all day long 5:1RR
GBPUSD
Thanks
Drew
I now wasnt looking for anything but a Long position.
I took a trade from this level upto the 1.29000 key level yesterday then patiently waited to see what price would do.
Price then broke this level early morning telling me we was moving higher SO i waited for price to move back down to 1.29000 level for a re test and scaled in on the 15min ready for a rejection and a lower high to be formed.
This is how the trade went
Ill take that all day long 5:1RR
GBPUSD
Thanks
Drew