At the end of July there is a very good trading opportunity. It's a shame if you just missed it.
This opportunity occurs in the GBP-USD pair. After experiencing a long Uptrend. About 500pips if calculated from July 23 to July 31.
This uptrend is quite extreme because usually the maximum GBP-USD long trend is around 400 pips.
And on July 31, Friday, the CANDLE BEARISH appeared. This indicates that the strength of the Uptrend has weakened.
If according to the science of candlestick patterns, this pattern is called SHOOTING STAR. This means that a shooting star will occur.
In my experience, this shooting star does not mean the price will immediately move down. But going sideways first. The price moves in a narrow range because the price is "consolidating" or it can be considered "resting".
Because last week there was a strong uptrend, the next pattern is SIDEWAYS. The possible sideways duration is around 2 weeks into the future.
Therefore, take advantage of this opportunity well. A strategy for a sideways market is highly recommended.
If you use the martingale averaging strategy, prepare a resistance of around 200 pips is enough. Prices are relatively moving bounce only.
CONSISTENT AND OPTIMAL PROFIT GREETINGS.
Post a Comment
Post a Comment