GBPUSD supply zone + psychological level allow a juicy buy setup

Hi everybody! today we gonna procede to a quick scalp on GBPUSD

First thing we can notice is that the psychological level of 1.38000 resisting well.
the price already bounced on it 3 times meaning the bears are losing strength.

So buying is interesting since it could be the beginning of a strong leg up
breaking above EMAS and alowing them
to cross bullish therefore confirming the movement.
the bullish engulfing serve as a nice entry setup
with tight SL

let's go!

exceptionally ill reduce my risk per trade for this one. rather than 2% im gonna put 0.5% since this is a scalp and usually i day trade using h1/h4/D charts.

Zlecenie aktywne:

if you would like a safer entry you can enter when price will allow you the second entry option (at the retest)

persoent its without remorse that i enter. risk is already reduced, everything good

Komentarz:

this is how the target was fixed using harmonic pattern strategy

Komentarz:

took half profit now

reentry is possible soon with normal risk and more classic SL height

Zlecenie aktywne:

Transakcja zamknięta: osiągnięto wyznaczony cel: