GBP USD MAY RESPECT THE GOLDEN ZONE.

Sep 4, 2020

Hi Traders,
GBP USD is rejecting from the golden zone in confluence with the 50 SMA. The hourly chart is below 50 SMA indicating a short term down trend.
A short entry can be placed if we get a confirmation from the 5min Chart in the form of a chart pattern at these levels.
Pls like and follow.
Happy Trading......

Sep 4, 2020

Note

Price has formed the first top in 5 min....

Sep 4, 2020

Note

expecting a heads and shoulders in 5 min...

Sep 4, 2020

Trade active

double top confirmed...

Sep 4, 2020

Order cancelled

stoch didnt crossover

Sep 4, 2020

Note

expecting heads & Shoulders again.... this thing is playing with me guys

Sep 4, 2020

Note

head is being formed....in 5min TF

Sep 4, 2020

Note

we will be entering a put at the right shoulder on stoch (5,3,3) crossover. This trade will be a bit risky as there is lot uncertainty in the markets because of data release.
Stoploss will be above the head and target would be near the recent support.

Sep 4, 2020

Note

this trade has the potential for 30 pips. but be cautious at support levels..bcoz there is lot of noise in the market today

Sep 4, 2020

Trade closed: target reached

wow that was a good trade. y guys still no likes.....thats strange...