Wow, its been a long time since I have been on here. Dont worry, I have been trading in the time being, i just havent been posting. Alas, here i am again, I miss you guys hope everyone is well. So my first idea back online;
As I observe the chart of GBPUSD, I notice alot of fluctuation at this high level that price has established. We were bullish during the first half of London session and this tells me that we can possibly see a reversal since price likes to change directions during NY session (SOMETIMES, Not always)
We can see on the hourly chart, price made a candle with a long wick up top, a sell indication (potentially, if all other factors line up) Pair this with the fact that price has been making lower highs and lower lows, pay attention to where price changes direction, even if its something that doesnt look that significant.
If we need further verification, we can see that the Hourly RSI as well as the 15M is heavily over-bought, not our main signal, but it is a supporting signal to go off of.
Nontheless, Im favoring a short on this pair as of now, good luck traders. Practice good risk management and remember to be PATIENT!!!
Observe, Execute, Play. Dont hesitate to make a move
FOLLOW ME FOR MORE IDEAS. PROMISE IM POSTING EVERYDAY FROM NOW ON, I NEED TO PUT IN SOME WORK!!!
As I observe the chart of GBPUSD, I notice alot of fluctuation at this high level that price has established. We were bullish during the first half of London session and this tells me that we can possibly see a reversal since price likes to change directions during NY session (SOMETIMES, Not always)
We can see on the hourly chart, price made a candle with a long wick up top, a sell indication (potentially, if all other factors line up) Pair this with the fact that price has been making lower highs and lower lows, pay attention to where price changes direction, even if its something that doesnt look that significant.
If we need further verification, we can see that the Hourly RSI as well as the 15M is heavily over-bought, not our main signal, but it is a supporting signal to go off of.
Nontheless, Im favoring a short on this pair as of now, good luck traders. Practice good risk management and remember to be PATIENT!!!
Observe, Execute, Play. Dont hesitate to make a move
FOLLOW ME FOR MORE IDEAS. PROMISE IM POSTING EVERYDAY FROM NOW ON, I NEED TO PUT IN SOME WORK!!!