See daily chart of GBPUSD below for the discussion that follows.
GBPUSD is making higher highs and higher lows…it’s trending up. It’s testing support (previous resistance) currently, so I’m looking to go long. I’d like to see price retrace just a little more….if this happens, I will look for bullish price action / candles as confirmation (as per my strategy) to go long.
Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.
On Ideas: Please don’t take this as trading advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
Thanks for reading.
