GBP/USD, Trading plan
Updated
Price is close to a key level 1.2775
I will open buy if the price will show fake broke because of many traders hide their stop losses under such levels. That will be a new Volume for new traders
I will open buy if the price will show fake broke because of many traders hide their stop losses under such levels. That will be a new Volume for new traders
Note
GBP/USD is close to a key levelI wait on fake broke to open buy entry, I will do it after FB only.
Note
wait on confirmationNote
I set pending order buy stop (buy above current price) above 1.2775. The price will hit buy position if there will be a pullbackNote
Price didn't make a fake brokeThe main reason why I use FB in my trading - that is a filter which saves me from bed entries.
Price didn't react properly on key level - that means we don't need to think about Buy entry at this moment, better to be out.
I will open buy if 4-hour candle will close above 1.2773
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