Case study – Gbp/Usd
Oct 12-14 Support established at 1.180ish (wM2)
Oct 17 High: 1.22006 // Low: 1.21349
Oct 18 Upside breakout / High: 1.23237 // Low: 1.2184
Oct 19-21 Pullback recent move up (1hr) utill confluence of support
Oct 21 Levels 1.2170-1.2180 played an important role as a Support week ago therefore looking for a confluence area in that zone // 78.6 fib retracement recent move up + stoch “kicker” (1hr) // daily green zone pp(M1-S2) as a profit taking area for bears thus support for bulls
1Min trade plan: look for a long entry at defined Support. See charts.
1.Things are predictable.
2.Preparation is key. You need to know what you looking for.
3.Practice makes perfect. Growth mindset contribute to your success.
Special thanks to Wayne McDonell
Thank you Mr Wayne McDonell for sharing and teaching the way you do.