by Matthew B, August 15, 2021
by Matthew Bond August 15, 2021
GBP/USD
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Any
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H1
Table of Contents
H1
SUPPLY/DEMAND
BUY & SELL TRADE IDEA. BREAKS IN STRUCTURES WITHOUT RETURNING TO THE AREA,
I WILL BE LOOKING FOR A QUASIMODO PATTERN/REACTION FROM THE ZONE AND THEN A RETEST OF THE AREA
SUPPLY/DEMAND NAKED TRADING
0.25% / TARGET T.B.C
NO GBP/USD NEWS UNTIL TUESDAY.
TAKE PROFIT TO BE CONFIRMED ONCE PRICE INDICATATES A POTENTIAL SUPPLY/DEMAND LEVEL FOR A TAKE PROFIT.
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Consult, is this setup still valid? What are your confirmations or do you enter with limit orders?
Hi, yes this trade idea is still valid. It all depends on the set up and price action at the time. I will be looking for a reaction from the zone, break of structure and then i will enter on the retest. Abit like a head and shoulder/quasimodo pattern. I will attach a image below. Any questions please ask. Thank you
TRADE IDEA