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.

View Comments

  • 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

Share
Tags: GBP/USD

Recent Posts

$125K Funded Trader Got Paid 5 Times and Withdrew $12,006 Overall

"The5ers gave me the capital and the ability to travel freely." Jesse E, 18 years…

3 days ago

Gold Live Daytrading: Monday Market Mastery

Live Trading Room The trading rooms are the opportunity to trade together with our traders!…

6 days ago

The Art of Mastering Key Reversal Patterns – The5ers Live Trading Room

Live Trading Room The trading rooms are the opportunity to trade together with our traders!…

2 weeks ago

$125K Funded Trader Got Paid 4 Times and Withdrew $7,191 Overall

"I believe a lot of trading is about self-reflection and being honest with yourself. In…

2 weeks ago

Orderblocks: The Secret To Profitability – The5ers Live Trading Room

Live Trading Room The trading rooms are the opportunity to trade together with our traders!…

3 weeks ago

$100K Full-Time Funded Trader Withdrew $7,565 – The5ers

"Don't focus on profit, dont focus on money, just focus on developing your strategy, and…

3 weeks ago