Trading Ideas

If 1730.00 fail to reverse Gold to the upper side, I believe Gold would go down to 1700.00

Gbp/usd broke a 1.18000 psychological level, i think it will head down to a 1.17000 psychological level.

I trade the forex market with a break of structure strategy. Because I believe that Forex market moves on levels. So when the market is forming Higher Highs and lower lows is the best time to trade this strategy.

BUY

Allow the market to form a new higher high and break it then wait for the market to come back and test that high. The close of the candlestick of that high or the shadow of the candlestick of that high should be your entry point and your stop loss should be the lower low of the high.

SALE


Allow the market to form a new Lower low and break it then wait for the market to come back and test that low. The close of the candlestick of that low or the shadow of the candlestick of that low should be your entry point and your stop loss should be the higher high of the low.

gbp/usd did what i wanted. Check my previous post.