GBPUSD Swing Analysis W/C 1/03/2021
Entry for sells and buys depending on whether support or resistance breaks. Additional support and resistance allocation needs to be carried out to mark keys areas, I carry this out every day to mark new areas. Lookout for hidden and regular divergencies to indicate continuation or reversal to correlate the price action.
Regular divergencies = Potential reversal
Hidden divergencies = Continuation of trend
Use risk management when trading to ensure you do not lose more than you are happy to. I stick to a 20 pip loss as a maximum, if that occurs I exit the trade and enter he reversal to retrieve my loss.
Regular divergencies = Potential reversal
Hidden divergencies = Continuation of trend
Use risk management when trading to ensure you do not lose more than you are happy to. I stick to a 20 pip loss as a maximum, if that occurs I exit the trade and enter he reversal to retrieve my loss.
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