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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 and at the end the day the daily-low forms support (1.3302) that becomes valid for trades once the price bounces below 30% of the ADR.

Because we have a bias towards the downside, I only wanted to trade the backside 1.3302 after a valid clear break. This happened as expected. The price created a clear break at the 1.3302 level, with two 15 minute candles opening and closing below the level. All that was left was waiting for a valid backside continuation setup.

Setup

The price of the…



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