GBPUSD Small Countertrend Long Position
Hi Traders,
Yes, GBP/USD is still falling along with many other markets.
We have not bottomed out as yet – No confirmation suggests a reversal as yet.
If the price retraces slowly back into the yellow zone, I am looking at a small buy position.
It is a countertrend trade so I will be risking a very small amount.
We have a large bullish impulsive candle that took out previous price structure.
If the price retraces with low bearish volume, I would consider jumping in on this counter-trend position with a Risk/Reward of 1 / 4.
Have a great day.
See you on the next one
The Vortex Trader
Yes, GBP/USD is still falling along with many other markets.
We have not bottomed out as yet – No confirmation suggests a reversal as yet.
If the price retraces slowly back into the yellow zone, I am looking at a small buy position.
It is a countertrend trade so I will be risking a very small amount.
We have a large bullish impulsive candle that took out previous price structure.
If the price retraces with low bearish volume, I would consider jumping in on this counter-trend position with a Risk/Reward of 1 / 4.
Have a great day.
See you on the next one
The Vortex Trader
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.
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.