GBPUSD Short Trade Setup

18 thg 4, 2018

Hello trades.

While I was recording today's video analysis, I was expecting some correction before this down move, but it just fell. Wait for a correction to take any trade. Don't jump in. My minimum target is the breaking of up trendline. Then we will see. There is a chance for one more upside, or it can go down and make new all-time low.

24 thg 4, 2018

Ghi chú

If you took this trade from the top like I suggest, move your stop-loss to breakeven. If you missed the entry like me, wait for a bigger correction to sell.

1 thg 5, 2018

Ghi chú

If the down move is the C wave inside of daily X wave, the corrective structure should be about the end. So, if you have any short trade you should consider to close it. I believe moving stop-loss to the closer to spot price would be a better idea. After this drop, it will either make a correction or Z wave, we will see.

8 thg 5, 2018

Ghi chú

Move stop-loss to the blue line. It can keep going down, but momentum is dying.

9 thg 5, 2018

Ghi chú

It broke the downtrend line. Wait for a correction and close your trade. If it keeps going up, let it stop you out at the blue line.

10 thg 5, 2018

Ghi chú

Trade should be closed with positive stop-loss and profit should be around 7%. If you like to count the pips, it was 700.