Probability for GBPUSD LONG
Güncellendi
Psychology:-
GBPUSD didn't fell or even tested its minor support level @ 1.30329 during the time when DXY was on good strength. EURUSD did fell and traded below its minor support level @ 1.15274 but GBPUSD was still trading above its minor support level and wasn't much affected by EURUSD move. It was the best thing from which I had some faith about this pair long probability. I mean it wasn't even retesting or falling below the minor support level so what should we have to get worried about? I brought EURUSD case here cause these two pairs are perfect positive correlated to each other and one price action could have reflected same on another. Talking about the AUDUSD it is also strong positive correlated to these two pairs and seeing how it is trying to take flight upward I feel like the recent move could be U.S. dollar-related where the DXY could be losing its strength and which is good for these pairs.
About Trade:-
As I said GBPUSD is still trading above the minor support level @ 1.30329 so we don't have to worry until the price is trading above it. I have a Fibonacci Extension where the price has just about to reach 38.20% and could even chase higher levels if USD is getting lag in its strength and related partner correlated pairs work properly together to knock down USD. The main part of all GBPUSD price is all inside a symmetrical triangle which is in yellow color and the top trendline of this symmetrical triangle may act as resistance level cause in past it did really act like so. There is a minor resistance level @ 1.36167 which is far away, for now so, no need to worry about that but I want to say that if the top trendline of this symmetrical triangle won't act as a resistance then there could be higher potential upward movement 61.80% to 78.60% or above of Fibonacci extension levels and that will also be our profit target levels. We have a sweet risk to reward ratio which is 2:1. Also keeping SL -150pips under the minor support level @ 1.30329 is a safe clever play where it will have really fewer chances to get stopped out because the price must fall beyond the minor support level and only retested is not sufficient for us to get stopped out from our trade! Cheers! I had this feeling which I shared. Share what you felt too in the comment section below. Thank you!
GBPUSD didn't fell or even tested its minor support level @ 1.30329 during the time when DXY was on good strength. EURUSD did fell and traded below its minor support level @ 1.15274 but GBPUSD was still trading above its minor support level and wasn't much affected by EURUSD move. It was the best thing from which I had some faith about this pair long probability. I mean it wasn't even retesting or falling below the minor support level so what should we have to get worried about? I brought EURUSD case here cause these two pairs are perfect positive correlated to each other and one price action could have reflected same on another. Talking about the AUDUSD it is also strong positive correlated to these two pairs and seeing how it is trying to take flight upward I feel like the recent move could be U.S. dollar-related where the DXY could be losing its strength and which is good for these pairs.
About Trade:-
As I said GBPUSD is still trading above the minor support level @ 1.30329 so we don't have to worry until the price is trading above it. I have a Fibonacci Extension where the price has just about to reach 38.20% and could even chase higher levels if USD is getting lag in its strength and related partner correlated pairs work properly together to knock down USD. The main part of all GBPUSD price is all inside a symmetrical triangle which is in yellow color and the top trendline of this symmetrical triangle may act as resistance level cause in past it did really act like so. There is a minor resistance level @ 1.36167 which is far away, for now so, no need to worry about that but I want to say that if the top trendline of this symmetrical triangle won't act as a resistance then there could be higher potential upward movement 61.80% to 78.60% or above of Fibonacci extension levels and that will also be our profit target levels. We have a sweet risk to reward ratio which is 2:1. Also keeping SL -150pips under the minor support level @ 1.30329 is a safe clever play where it will have really fewer chances to get stopped out because the price must fall beyond the minor support level and only retested is not sufficient for us to get stopped out from our trade! Cheers! I had this feeling which I shared. Share what you felt too in the comment section below. Thank you!
İşlem aktif
Oh shit, I had missed adding on 100pip+ profit. Won't do careless with my scale in this time if I got the second chance lmao!Not
If you guys wanna add more position size on your existing winning trade of GBPUSD then add on 50% Fibonacci Extension level which is the price level "1.32437". It will be like 100pips+ from the entry price "1.31328" of our current trade. We are already in 1:2 Risk to Reward ratio trade and still adding on every 100pips+ achievement will end up 1:3 if we get success by reaching to the profit target level "1.34328". If you have proper position size from the beginning keep adding the same size in every 100pips+ win! that's so-called pro tells "Scaling in on winning trade"! Good luck! Cheers!Not
It was so cool! We have nearly conquered our 1:1! If you ever wish to add more position then do it from the price level where you bottom trade have hit 100pips+. Meaning Every 100pips! or if you don't wanna maximize your profit hope for 1:2!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.