Disliked{quote} i still dont get how lucky you are? cause technically you trade in very dangerous levels but somehow you get very lucky. i dont get what strategy you use.Ignored
It was Pure Price action for anyone which reads lower TFrame's also
85 pips Fake downward spike post MPC was retraced within 20 minutes.
That clearly shows the pathetic bearish conviction and the Demand at 1.52, which was a IMPORTANT confluence SUPPORT LVL
Trades were taken almost exactly at the LVL where Cable was before , after it retraced all that fake move.
And thereafter Bears were murdered like anything .
85 pips for GBPUSD is also almost nothing for such a IMP event. Prolly people were too bearish going into it & Stops Triggered all the way thereafter
1.5500 is further a IMP CONFLUENCE RES LVL as well a sweet number as well as a option barrier.
TP of 1.5490 was set clearly keeping that in mind
As simple as that
Trading is all about taking decision from whats happening.
Anyone keeping shorts after all that move was retraced in small time, ofcourse knows much less about price action and has SL hit by now.
ASAT
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152