Whats up guys, back with another idea. Dont forget to leave a like and if you wanna stay updated with my ideas go ahead and follow the page! We are getting better everyday.
Now, on with the idea:
So, we see that pre NY session, the pound was stuck in a consolidation zone. We can take from that, price is getting ready for a major play. WE can see the tall wicks at the tops of certain candles, telling us sellers are pushing down. Pair that with the fact that we are making lower highs in the process. We can conclude we are forming a down trend and we can proceed to see a drop to the lower supports i have marked. the green dashed lines being targets and the blue being a major level.
Remember to use price action, risk management and be patient. Play the game, dont rush it.
Trade Smart, Trade Precise. Lets get it snipers
Now, on with the idea:
So, we see that pre NY session, the pound was stuck in a consolidation zone. We can take from that, price is getting ready for a major play. WE can see the tall wicks at the tops of certain candles, telling us sellers are pushing down. Pair that with the fact that we are making lower highs in the process. We can conclude we are forming a down trend and we can proceed to see a drop to the lower supports i have marked. the green dashed lines being targets and the blue being a major level.
Remember to use price action, risk management and be patient. Play the game, dont rush it.
Trade Smart, Trade Precise. Lets get it snipers