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Live GBP/USD Backside Short – Trend Trading Strategy

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Live GBP/USD Backside Short – Trend Trading Strategy


Analyse

The 1st The month of March is valid for 1st Pushdown. At the end of each day, the daily low forms a level support (1.3302), which is valid for trading once the price bounces to at least 30% of ADR.

We have a bias to downside so I was only interested in trading the backside of 1.3302 once there had been a valid clean-up. As expected, this scenario occurred. Price creates a clean break at 1.3302 with two 15-minute candles open and closing below it. The only thing left was to wait for a valid backside continuation setup.

Setup

Price was brought back into the…



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