July 28 2025 I entered the sell entry on the GBPUSD pair at 1.3425 with a 15 pip stop loss at 1.3440 and looking for a move lower to the 3R target at 1.3380.
Sell Trade Setup
1. Price taps the bearish dynamic 100MA resistance (Blue MA), OTE (Purple) and reacted with a move lower.
2. Bearish divergence formed signalling bears/sellers are stepping in to push pair lower. (Red line)
3. Stochastic Indicator in the overbought zone. (Pink)
4. Pair is on a downtrend.
5. All combined together and entered the SELL/SHORT with confidence.
GBPUSD 15 Minute Chart July 28 2025
GBPUSD moves lower and hits 3R target at 1.3380 from 1.3425 and I closed trade for +45 pips (+3% 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
At Elliottwave-Forecast we cover 78 instruments (Forex, Commodities, Indices, Cryptos, Stocks and ETFs) in 4 different time frames and we offer 5 Live Session Webinars everyday. We do Daily Technical Videos, Elliott Wave Trade Setup Videos and we have a 24 Hour Chat Room. Our clients are always in the loop for the next market move.
Try Elliottwave-Forecast for 14 days !!! Just click here –> 14 day trial
Back
