kate25

Interpreting price action to build a trade set up

Short
FX:GBPUSD   Livre sterling / Dollar américain
In the past three charts I talked about relationships between bars, then groups of bars and finally base of legs up and down. To build a trade set up we need all three concepts. We do not long when price is breaking supply lines, we wait for a retrace and identify areas of interest. Im going to contradict myself here because if we only take trades in the direction of trend we give up 50% of opportunities against trend. My next chart I will talk about how to safely enter a trade against trend, so we are looking at entries and stops.
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