Forex Technical Analysis GBPUSD 16 AUG

Forex Technical Analysis GBPUSD 16 AUG

This is one of my favorite trade setups.  Selling resistance on the upper parallel of a channel.  Watch as I discuss this precise entry at the convergence of multiple resistance levels in a tight zone.  Risking 15 pips to make 80-90 pips.  Another low risk high probability setup for your educational purposes.  

Enjoy!  

Gregory King

 
 
 
 

 

Gregory King a foreign currency trader, Fund Manager, and math aficionado. “My cardinal tenet will always be "Keep Trading Simple." I sincerely believe, that in the long run, the market can be exploitable in a few situations if one has the forbearance to stick to the simple fundamentals. Overtrading is the main detriment for the demise of majority of trading careers.
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