GBPUSD - 5 Reasons For A Daytrade Sell!
Sell #GBPUSD Plan
First Entry was at 1.3596
Second Entry is pending order at 1.3614
Stop is at 1.3644
Target is at 1.3550
I have 5 reasons to sell GBPUSD for a daytrade.
1. Currency Strength Meter USD is strong GBP is Weak
2. Trendline Support
3. Support Zone Intraday
4. Market Profile from yesterday
5. Bearish Divergence Signal
The Rules:
If second entry is activated then the target for first entry is at breakeven and the target for second entry is at main target
Also if the second entry is activated and price reaches the level of first entry then move stoploss of second entry to breakeven.
like and comment to receive more analysis , thank you for your support.
The trading strategy is fully explained in video below
First Entry was at 1.3596
Second Entry is pending order at 1.3614
Stop is at 1.3644
Target is at 1.3550
I have 5 reasons to sell GBPUSD for a daytrade.
1. Currency Strength Meter USD is strong GBP is Weak
2. Trendline Support
3. Support Zone Intraday
4. Market Profile from yesterday
5. Bearish Divergence Signal
The Rules:
If second entry is activated then the target for first entry is at breakeven and the target for second entry is at main target
Also if the second entry is activated and price reaches the level of first entry then move stoploss of second entry to breakeven.
like and comment to receive more analysis , thank you for your support.
The trading strategy is fully explained in video below
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