Having the downtrend channel before a bullish trend was a concern for me to short off the daily chart(posted ideas on the link to related article), at this moment I will be watching closely on how the candle react at this PRZ area as a warning sign that Point C touches A.
Although there is a warning sign of such I will still lean towards buying GBP against USD as it does give very good reward: risk on this trade setup, of course, the lining up of the candle gives the final green light to engage.
Don't go on holiday and ignore your trade just yet.
Although there is a warning sign of such I will still lean towards buying GBP against USD as it does give very good reward: risk on this trade setup, of course, the lining up of the candle gives the final green light to engage.
Don't go on holiday and ignore your trade just yet.
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🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.