GBPUSD Counter-Trading

22 Mar 2023

Upon completing the second push, price pulls back. However, within this pullback, I spot an M formation forming on the H4 timeframe. This formation could be used as a correction since price was only rallying since push 2. This correction can serve as preparation for the final push, push 3. Since the trend is at push 2, this opens up possibilities to counter-trade. We can use this formation to scalp against the trend before entering the last push.

1 Nis 2023

Emir iptal