4 - GBPUSD BREAKDOWN
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GBPUSD BREAKDOWN


Overall, I KNOW THAT GBPUSD JUST BOUNCED FROM THE RESISTANCE LEVEL CHANGING THE UPTREND MOVE TO A DOWNTREND AND CREATE A RANGING AREA (TOP DOWN ANALYSIS)

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THEN LOOKING AT TO A LOWER TIME FRAME, WE CAN SEE THAT IT ALSO BOUNCED FROM A RESISTANCE LEVEL OF A RANGE AREA. FOR ME, IT’S CLEAR NOW THAT GBPUSD IS GOING DOWN, BUT, I WANT TO MAKE SURE BEFORE PLACING MY SHORT POSITION I HAVE THE BIAS OF THE SCORING ON MY SIDE. TWO POSSIBLE ENTRY POSITION EITHER RANGE PLAY OR PULLBACK PLAY AFTER BREAK OUT BOTH ARE SHORT BIAS.

2 - GBPUSD BREAKDOWN

JUST INCASE THE SCORING CHANGED FROM SHORT BIAS TO A LONG BIAS EITHER STRONG GBP OR WEAK USD, STILL I WILL WAIT FOR A PULLBACK BEFORE PLACING MY LONG ORDER.

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LIKE I SAID, I WILL WAIT IN THAT RESISTANCE AREA BEFORE ENTERING A NEW SHORT.

Like i said i will wait in that resistance area before entering a new short.

2 - GBPUSD BREAKDOWN
1 - GBPUSD BREAKDOWN

RIGHT NOW WE DONT ENOUGH BIAS FOR A TRENDING MARKET. A POSSIBLE RANGE PLAY OPPORTUNITY(SHORT TERM).

1 1 - GBPUSD BREAKDOWN

JUST INCASE OUR SCORING SUPPORT A STRONG GBP(+456) OR WEAK USD(-456) AND TEND TO BREAK OUR RESISTANCE LEVEL, JUST WAIT FOR A CLEAR PULLBACK IN THE S&R LEVEL BEFORE ENTERING LONG POSITION.

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IF IT BREAKS THE SUPPORT LEVEL AND WE HAVE A CLEAR BIAS FROM SCORING, JUST WAIT FOR A CLEAR PULLBACK S&R BEFORE GOING SHORT AGAIN.

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ANOTHER 90 PIPS ADDITIONAL FROM SHORT.