GBPUSD will fall lower, maybe 1,24

14 sie 2023

I´m expecting that this pair will fall further due to strong USD and technical indicators. There is a head and shoulders pattern on 4H visible and price is just above the neckline forming lower highs to the support. If this neckline is broken, price can easily fall very deep. Now, how to trade this idea. Don´t use entry line as a trigger, chose conditional entry. If any 4H will close below the entry line, switch to 15M-30M chart and try to trade the retest of broken support. I will update this trade if anything like this happen. This way your entry will be safer. Check my previous ideas if it worth to trade this one. I would do it with all published ideas, not just mine. Don´t forget one thing, to trade the ideas of person who has 1-20 or even 40K followers is not a way to success, wont prevent you from blowing your account. Why is that? Because ideas are sometimes manipulated. Like by "selfcommenting" of winning ideas are these get to the top, loosing ones are on the bottom (like 39th in the row, but will you check the 39th idea???) And beginners are checking just the last few ideas( max 10 are enough) of followed traders. Don´t fall to this trap, make a deep analysis not just about the market, but also the people you are following. It will save you a lot of money. Wish you good luck to trade this idea.