May 7 2025 I entered the sell entry on the GBPUSD pair at 1.3355 with a 90 pip stop loss at 1.3445 and looking for a move lower to the 2R target at 1.3175.
Sell Trade Setup
1. Bearish divergence formed signalling bears/sellers are stepping in to push pair lower. (Red line)
2. Price breaks below CHoCH/Change of Character level signalling bears/sellers are trying to take control. (Blue line)
3. Price taps in the bearish zones FVG/Fair Value Gap (Blue), OB/Bearish Order Block (Purple), IFVG/Inversion Fair Value Gap (Gray).
4. SELL/SHORT.
GBPUSD Daily Chart May 7 2025 (Trade entry)
GBPUSD Daily Chart May 12 2025 (Target hit/Trade closed)
GBPUSD moves lower and hits 2R target hit at 1.3175 from 1.3355 and I closed trade for +180 pips (+2% gain risking 1% on every trade)
A trader should always have multiple strategies all lined up before entering a trade. Never trade off one simple strategy. When multiple strategies all line up it allows a trader to see a clearer trade setup. We at EWF never say we are always right. No market service provider can forecast markets with 100% accuracy. Only thing we at EWF 100%, is that we are RIGHT more than we are WRONG.
Of course, like any strategy/technique, there will be times when the strategy/technique fails so proper money/risk management should always be used on every trade. Hope you enjoyed this article and follow me on social media for updates and questions> @AidanFX
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