Forex Price Action Baby, No Technicals or Fundamentals…Trade #5 – Sold GBP/USD (2/19/19)

10,000 Ft View – 4 Hr Chart

Zooming In

I’m not in love with the set-up 100% because it’s in the middle of the range.

But what I love about the set-up was the strong move price made to the supply zone. In addition, price has moved over 150 pips. Potentially the buyers are exhausted and or taking profits and the sellers are stepping in with room for price to fall to the origin of the strong move.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

Related posts

Forex $1 MM Challenge – Trade #18 (7-19-19) Sold GBP/CAD


Forex Analysis Report – Eyeing A Position Trade In GBP/AUD


Currency Analysis Report 6-20-19…Targeting $0.65 For The Aussie Dollar


Get involved!


No comments yet
Skip to toolbar