Today, I'm excited to share a detailed approach for trading GBPUSD. If you're considering a short position, here's a comprehensive strategy:
1. 1-Hourly Chart: Shark Patterns at 1.2676
- Wait for Shark Patterns to complete at 1.2676 on the 1-hourly chart.
- Look for a trading combo within the chart when the market retests the Trendline Break (red line).
- Ensure the market doesn't violate the trendline during this process.
2. 4-Hourly Chart: Bearish Gartley Pattern at 1.2725
- The ideal scenario is for the Bearish Gartley Pattern to complete at 1.2725 on the 4-hourly chart.
- Aim for completion before Monday, March 4, 2024, by 5 pm. Patterns completing after this time are considered disqualified.
This Science of Trading approach allows for a meticulous analysis and synchronization of different patterns across multiple timeframes. It provides a well-defined strategy for traders looking to short GBPUSD.
Feel free to share your thoughts and insights. Are you considering a similar approach or have different plans for GBPUSD?
For a visual representation, please refer to the chart link in the TradingView post.
1. 1-Hourly Chart: Shark Patterns at 1.2676
- Wait for Shark Patterns to complete at 1.2676 on the 1-hourly chart.
- Look for a trading combo within the chart when the market retests the Trendline Break (red line).
- Ensure the market doesn't violate the trendline during this process.
2. 4-Hourly Chart: Bearish Gartley Pattern at 1.2725
- The ideal scenario is for the Bearish Gartley Pattern to complete at 1.2725 on the 4-hourly chart.
- Aim for completion before Monday, March 4, 2024, by 5 pm. Patterns completing after this time are considered disqualified.
This Science of Trading approach allows for a meticulous analysis and synchronization of different patterns across multiple timeframes. It provides a well-defined strategy for traders looking to short GBPUSD.
Feel free to share your thoughts and insights. Are you considering a similar approach or have different plans for GBPUSD?
For a visual representation, please refer to the chart link in the TradingView post.
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Live session & Trading Tips on the GO
www.tiktok.com/@raynlim