GOOD EVENING STEEMIT!
I just wanted to do a quick trade update while the forex markets are closed for the weekend. I’m enjoying some downtime as it’s a long weekend in my part of Australia and I’m not looking to take any new positions to start the week.
Here’s a quick before and after shot as I look to just manage the position I’ve found myself in below:
From my last GBP/USD short setup blog:
GBP/USD Hourly
To the current live chart:
As you can see, after holding higher time frame support, price has continued to obey short term levels by retesting previous support as resistance on the hourly. It’s here that I look to enter.
When it comes to forex trading, I always trade the same setup over and over again. Find a setup that works for you and you see them in your sleep, they become such second nature to you.
Check out the still active EUR/JPY long trade that is also playing out nicely for an inverted view of the same setup.
Are you on board the short train? Leave me a comment or share a chart and let me know what you’re thinking.
Peace!
@forexbrokr CHART ART BlogsIf chart setups that I've spoken about before are related out then I'll leave them here.
GBP/USD POSSIBLE SHORT TRADE + BONUS CAT
Please leave a comment with your ideas or just share a chart.
Blogging about markets is all about sharing ideas and making us see all possible angles. I look forward to having you follow along and reading what you throw at me.
Twitter: @forexbrokr
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Website: www.forexbrokr.com
