GBPUSD:
we have a new month and the previous MN was bearish. W1 starts to look sideways, so I will wait and see what this week's price bar and APB candle will be like before I start any new position trades.
The D1 chart shows two levels where PA can re-test, then possible breakout in the following days or week.
Remember to look at price swing high and low, look for the confirm swing high and low with the TMS Setup using the APB and TDI rules.
You need do your SWOT analysis for every trade setup and to mitigate the risks you see when you trade.
SWOT= Strengths, Weaknesses, Opportunities and Threats.
we have a new month and the previous MN was bearish. W1 starts to look sideways, so I will wait and see what this week's price bar and APB candle will be like before I start any new position trades.
The D1 chart shows two levels where PA can re-test, then possible breakout in the following days or week.
Remember to look at price swing high and low, look for the confirm swing high and low with the TMS Setup using the APB and TDI rules.
You need do your SWOT analysis for every trade setup and to mitigate the risks you see when you trade.
SWOT= Strengths, Weaknesses, Opportunities and Threats.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett