GBPUSD end of week double bottoms

12 thg 5, 2014

This concept is still in backtesting fase but I'm doing this on a live micro account ;) small btw. The idea is simple.Trade the end of the week session. This setup was an ideal setup because last fridays session didn't managed to break 1.6837 major structure support and close below it. Expecting a correction move to at least 1.6912 if not for a new fresh high. Already trade has hit T1 and T2 and I'm looking at a final target at T3 1.6912 from there I'm looking at a 3 drives completions for a push back down and retest 1.6837

Requirements.
- Double bottoms/tops must complete near/at major structure support (higher timeframe)
- Friday session after 15 hour range

In anticipation of end of the week profit takers.