Header Ad

Trading forecast for the pound / dollar currency pair from 02/10/2021.


Hello!

Friends, today on the currency pair GBP / USD the bullish trend was showing signs of fading, so I went short at the current price.

Factors indicating a possible corrective price decline.

one. Bearish divergence is formed on TF H1.

2. The price went out of balance, while the number of buyers decreased to 10%.

The main scenario on the four-hour chart looks like this:

Because if there is no bearish divergence or reversal pattern at TF H4, then the upward movement may continue. Therefore, I entered the market with only a quarter of the working volume and I plan to add to sales in case of price movement according to an alternative scenario. Another sale with 1 lot will be opened during testing of the “round level” of 1.4000.

All profitable trading and excellent mood! {# 268}

DFMFOREX

An interactive magazine for Forex traders. Here you will find the latest relevant news, examples of successful transactions and unsuccessful investments. Our journal contains a daily report of the trade of our specialists on the Forex exchange.

Forgot Password