GBPUSD LONG

17 feb 2023

Trade based on the monthly timeframe looking for the spring to retest monthly lows, and sweep the equal highs. Nice and simple trade looks like I caught the play it was running a simple retest off the lows and a nice run up to sweep the equal highs followed by a distribution wave classic setup it seems. The last distribution/bear run took us down to the lows we haven't been at since the mid-1980 so these times are absolutely unpredictable and to even trade in these markets takes nuts. As long as you stick to the plan you take the gambling out of the equation, We're up big this month and were only risking 1%, If it plays out great that's awesome if it decides to fall to break record lows so be it we will be there to capitalize off some nice shorts in the near future.