We have a cluster of interesting indicators for trend continuation around 19-21.10.2018
Ichimoku cycles have significant day here (42) + kumo twist + weekly kinjun + possibly NT range pullback
This matches with overbalance and 0.5 fib from last swing low and 0.382 with bigger swing low
Also fundaments are good, eur should weaken and gbp should be stronger after brexit fades out.
Let's hunt for a good entry then and there
Ichimoku cycles have significant day here (42) + kumo twist + weekly kinjun + possibly NT range pullback
This matches with overbalance and 0.5 fib from last swing low and 0.382 with bigger swing low
Also fundaments are good, eur should weaken and gbp should be stronger after brexit fades out.
Let's hunt for a good entry then and there
Trade active:
Enterred short, we have double top with a 9 from TD sequential, looks nice on bigger timeframe
Comment:
Also Larry Williams is predicting GBP getting stronger so this is in line with this trade
Trade closed: stop reached:
SL