GBPUSD looking for a sell setup.
The GBPUSD is still in consolidation, now looking more down than up .
I will be selling on break and lower degree consolidation.
At this point an am expected to tell you the the GBP is weak because of this or that and i am expecting this person to say bla bla and that some fundamental indication is showing ;;;;;;; because the Chinese stock market is going crazy and the USD is bla bla ... well guess what , I DON'T KNOW A THING ABOUT ALL THOSE STUFF and I doubt anyone here knows.
I look at the charts for patterns that has a HIGH PROBABILITY of going one way or the other (based on past studies) and if it does that I take the trade with a good Risk management.
Like if you agree.
I will be selling on break and lower degree consolidation.
At this point an am expected to tell you the the GBP is weak because of this or that and i am expecting this person to say bla bla and that some fundamental indication is showing ;;;;;;; because the Chinese stock market is going crazy and the USD is bla bla ... well guess what , I DON'T KNOW A THING ABOUT ALL THOSE STUFF and I doubt anyone here knows.
I look at the charts for patterns that has a HIGH PROBABILITY of going one way or the other (based on past studies) and if it does that I take the trade with a good Risk management.
Like if you agree.
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Training : add to skype mangal457
Facebook: facebook.com/ProwaveTrader
Training : add to skype mangal457
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