Last Friday I posted the scenario's I was looking for regarding GBPUSD
I'm not looking for new daily lows but the structure was perfect for trading opportunities.
The short could be entered after the 2 consolidations. This is what I did and my stops are at Break-Even.
Depending on price action and possible pullbacks I will close these positions but once my website is launched I will elaborate how to trade these set-ups on lower time frames.
Another way is to close the first position since it reached R/R 2:1 which is my minimum but that is up to you and your trade plan.
www.timstuyts.com
facebook/timstuyts
I'm not looking for new daily lows but the structure was perfect for trading opportunities.
The short could be entered after the 2 consolidations. This is what I did and my stops are at Break-Even.
Depending on price action and possible pullbacks I will close these positions but once my website is launched I will elaborate how to trade these set-ups on lower time frames.
Another way is to close the first position since it reached R/R 2:1 which is my minimum but that is up to you and your trade plan.
www.timstuyts.com
facebook/timstuyts
