Trading GBP/USD

Y
@yokoyi - 4 months ago

This would be my entry parameter

H
@headies25284 - 4 months ago

You are waiting for price to tag you right?

Y
@yokoyi - 4 months ago

SL would have been hit. I am not actually trading I am just doing analysis

Y
@yokoyi - 4 months ago

Once price breaks out of the Asian range, you wait for a reversal candle plus confirmation then short. This would have been the result. This is called the breakout strategy, I have made a separate thread on it.

Y
@yokoyi - 4 months ago

Potential buy opportunity because price seems to be reversing back into the Asian range.

H
@headies25284 - 4 months ago

I am still bearish on this pair, I'm just waiting for price to retrace to the marked zone and i will sell from that zone.

Y
@yokoyi - 4 months ago

TP reached, although I had to adjust the SL a bit.

H
@headies25284 - 4 months ago
Quoted - yokoyi

TP reached, although I had to adjust the SL a bit.

ohh, I didn't know you were buying. Thought you wanted to sell also.

Y
@yokoyi - 4 months ago

My sentiment is bearish on this pair cos price has broken out of the Asian range and is returning

Y
@yokoyi - 4 months ago

Wrong on this one GBP/USD is hugely correlated with GBP/USD. I also have a bullish bias for EUR/USD here https://www.mytradingland.com/thread/eurusd-beginner-level-trading-edabd1/50#2c3aae

Y
@yokoyi - 4 months ago

Its actually bearish, wow so we were right

Y
@yokoyi - 4 months ago

GBP/USD sell opportunity because price has broken out of the Asian session range and is reversing back into it.

Y
@yokoyi - 4 months ago

Yes @jokings SL should be at least 10 pips away from the entry

Y
@yokoyi - 4 months ago

TP almost reached

H
@headies25284 - 4 months ago

I welcome each one of us to another trading week in this month.

GBPUSD still looks bullish. The image attached is from the weekly timeframe. Last week candle rejected and closed above the marked key level which most of the times signifies a buy if there is confirmation on the daily timeframe. For those who are new to this thread, i trade the SLK strategy.

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