Sterling made some great gains last week and it's even better when you can see them coming. We've been watching the pound for a while and we finally saw some long movement.
GA has been on our radar in the members are for a while now and we've taken a few trades on it here and there. Last week this level was noted.
Price had gapped into the zone and it was an area of interest for a number of reasons. Looking to the left gives us reason number one, the profit potential above was reason number 2 and there were others.
There are a number of different ways to enter trades like these and here is one of them:
As you will see from your own charts, this what happened next:
There was opportunity on GC too.
Here's the before:
And here's the after:
GJ gave us a decent entry last week too:
And a strong rally followed:
Setups like these occur very often in the markets. The key is knowing where price is likely to turn and being able to identify confirmation to get the right entries.
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