Forex

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

US Dollar Smart Money Sentiment 6/2/19 – A Contrarian View & Bet To The Downside

rollandthomas

Forex Analysis Report – 6/11/19…USD/MXN Bouncing Around, But Consolidating???

rollandthomas

Forex $1 MM Challenge – Trade #18 (7-25-19) Sold GBP/CHF

rollandthomas

Get involved!

Comments

No comments yet
Skip to toolbar