Back to all Ideas

GBPUSD (BUY&SELL)

by Matthew B, August 15, 2021

GBP/USD H1 SUPPLY/DEMAND

by Matthew Bond August 15, 2021

0
Share

GBP/USD

|

Any

|

H1

Timeframe:

H1

Analysis Method:

SUPPLY/DEMAND

Analysis:

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

Trade Plan:

SUPPLY/DEMAND NAKED TRADING

Risk Management:

0.25% / TARGET T.B.C

Things To Watch For:

NO GBP/USD NEWS UNTIL TUESDAY.
TAKE PROFIT TO BE CONFIRMED ONCE PRICE INDICATATES A POTENTIAL SUPPLY/DEMAND LEVEL FOR A TAKE PROFIT.

LEAVE YOUR COMMENT HERE:

View previous comments

    1. 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

DISCLAIMER

The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product.

WE FUND FOREX TRADERS!

The5%ers let you trade the company’s capital, You get to take 50% of the profit, we cover the losses. Get your trading evaluated and become a Forex funded account trader.

Get Your Forex Funded Trading Account

Your message is underway!

You will be hearing from us shortly