HOW I TRADE POUND PAIRS

Recently pound is only driven by BREXIT , sometimes you will see news like GDP, CPI and RETAIL sales
but they do not move pound pairs it is all because of brexit.

Fundamentals helps us to catch a lot of pips in a small amount of time. But you can know either the pair
will go up or down even before the fundamental happens by using technical analysis.

ENTRY TECHNIQUES

Before I decide to take my trades on pound pairs first I do check on the following correlation. I will look
at EURGBP first if it represents a buying opportunity means GBP*** will represent selling opportunity
and vice versa is also true.

Then after seeing the correlation the entry techniques is very easy we will be using simple technical
tools. The time frame which I will be focusing is H4 and above. It does not matter if you take the trade
on 30 minutes or H1 as long as the trade is from higher time frame analysis lower time frame will
respect.

BUY EXAMPLES

The above are the four kind of buy setup, we will be taking our trades immediately once price reaches
our buy area

Let us see some example on the charts

The above chart shows two clear buying opportunity from the TL and SUPPORT level

The above chart shows a clear example of a buy setup

The above chart shows a clear example of a buy setup

Two clear buying opportunities

The above charts are some of the examples of buy setups based on the 4 kind of setups we have learned
Key points to note:

1. Once you see a buy setup in lower time frame make sure buyers are in control and if it is a down
trend market make sure price is approaching a strong support or trend line or a reversal pattern
is being created.
 SELL EXAMPLES

The above are the sell setups trades in which we will be taking our trades. Main focus of this setups will
be H4 time frame and above.

Let us see some real examples on the charts

In the above chart we see a box which represents a resistance which was aligned with a TL which led to
a nice 70pips selling opportunity
In the above we see two clear selling opportunities

In the above chart we see a box which represents a resistance which was aligned with a TL which led to
a nice selling opportunity
In the above chart we see a box which represents a resistance which was aligned with a TL which led to
a nice selling opportunity
In the above chart we see a box which represents a resistance which was aligned with a TL which led to
a nice selling opportunity
The above charts are some of the examples of sell setups based on the 4 kind of setups we have learned
Key points to note:

Once you see a sell setup in lower time frame make sure sellers are in control and if it is a uptrend
market make sure price is approaching a strong resistance or trend line or a reversal pattern is being
created,

SOME SETUPS TO TAKE SOME NOTES

1. BUY EXAMPLE

In this you will see a kind of trend line breakout but the price bounces off the support area to create a
buying opportunity
From the above sometimes it might happen you see a support breakout but the price bounces of the
trend line

2. SELL EXAMPLE

In this you will see a kind of trend line breakout but the price bounces off the resistance area to create a
selling opportunity

From the above sometimes it might happen you see a resistance breakout but the price bounces of the
trend line

1. Always remember to manager your risk before executing your trades

2. Do not have any fear in taking your trades
3. Sometimes you may get a loss but in the long run by taking trades based on the above setups
you will be profitable
4. You must know when a trend line or support or resistance is about to broken by reviewing the
pdf of trading techniques