GBPUSD SHORT - Wicks don't lie?
Let's see if wicks don't lie.
I'm in this trade since 8:37pm (GMT), went to bed and the price was being very disputed in this area between buyers and sellers, a.k.a we always have a little bit manipulation, the liquidation game.
It was in profits during the night for a while as I've checked the candles in the morning and now it's bouncing.
If I'm reading this right, it's going to be a nice sell until the next Demand zone.
If it doesn't happen during the London session now it can probably go down when we start the N.Y session later on.
I will keep it simple with 1 position but my hands are like "Stack stack stack".
It's a nice setup to stack trades and get big profits, but RISKY! So, let's not be GREEDY.
I'm in this trade since 8:37pm (GMT), went to bed and the price was being very disputed in this area between buyers and sellers, a.k.a we always have a little bit manipulation, the liquidation game.
It was in profits during the night for a while as I've checked the candles in the morning and now it's bouncing.
If I'm reading this right, it's going to be a nice sell until the next Demand zone.
If it doesn't happen during the London session now it can probably go down when we start the N.Y session later on.
I will keep it simple with 1 position but my hands are like "Stack stack stack".
It's a nice setup to stack trades and get big profits, but RISKY! So, let's not be GREEDY.
Trade fermée manuellement:
Closed with nice profits 1.25273 when it started to show some rejection
Commentaire:
Reason: strong support respected so many times at this point. And since I was 12hours in this trade already, since yesterday. I wouldn't wait for more. Im satisfied with the profits and I'm only opening another position today if I see a good one, cuz I made already 3% in one simple trade.