MY BROKER – https://www.icmarkets.com/?camp=10524
FIND A BROKER – http://forexbrokerreport.com/

In this episode, we look at a trading setup on GBPUSD. This setup caught a lot of traders on the wrong side of the market, so I thought it would be interesting to look at why and how the market ended up giving such an aggressive short term pullback, using basic price action to hedge long entries.

Leave a comment below if you have traded these types of trading set ups.

Disclaimer – Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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