GBPUSD supply zone + psychological level allow a juicy buy setup

Hi everybody! today we gonna procede to a quick scalp on GBPUSD

First thing we can notice is that the psychological level of 1.38000 resisting well.
the price already bounced on it 3 times meaning the bears are losing strength.

So buying is interesting since it could be the beginning of a strong leg up
breaking above EMAS and alowing them
to cross bullish therefore confirming the movement.
the bullish engulfing serve as a nice entry setup
with tight SL

let's go!

exceptionally ill reduce my risk per trade for this one. rather than 2% im gonna put 0.5% since this is a scalp and usually i day trade using h1/h4/D charts.

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if you would like a safer entry you can enter when price will allow you the second entry option (at the retest)

persoent its without remorse that i enter. risk is already reduced, everything good

Not

this is how the target was fixed using harmonic pattern strategy

Not

took half profit now

reentry is possible soon with normal risk and more classic SL height

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İşlem kapandı: hedefe ulaştı

OrangeOptimist

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.

OrangeOptimist