TheVortexTrader

GBPUSD Small Countertrend Long Position

Long
OANDA:GBPUSD   Livre sterling / Dollar américain
Hi Traders,
Yes, GBP/USD is still falling along with many other markets.
We have not bottomed out as yet – No confirmation suggests a reversal as yet.
If the price retraces slowly back into the yellow zone, I am looking at a small buy position.
It is a countertrend trade so I will be risking a very small amount.
We have a large bullish impulsive candle that took out previous price structure.
If the price retraces with low bearish volume, I would consider jumping in on this counter-trend position with a Risk/Reward of 1 / 4.

Have a great day.
See you on the next one
The Vortex Trader
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