GBP/USD, Trading plan

Price is close to a key level 1.2775

I will open buy if the price will show fake broke because of many traders hide their stop losses under such levels. That will be a new Volume for new traders

Komentar:

GBP/USD is close to a key level
I wait on fake broke to open buy entry, I will do it after FB only.

Komentar:

wait on confirmation

Komentar:

I set pending order buy stop (buy above current price) above 1.2775. The price will hit buy position if there will be a pullback

Komentar:

Price didn't make a fake broke

The main reason why I use FB in my trading - that is a filter which saves me from bed entries.

Price didn't react properly on key level - that means we don't need to think about Buy entry at this moment, better to be out.

I will open buy if 4-hour candle will close above 1.2773