rickyboobii

THE FALL OF THE POUND... ARE YOU ON THE RIGHT SIDE?

Short
rickyboobii Updated   
FX:GBPUSD   British Pound / U.S. Dollar
THIS IS A CONTINUATION OF THE SETUPS STARTED THIS WEEK..... CAN'T TYPE LONG AS MARKETS ARE MOVING....

WHATS TO KNOW....
-BULLS WHO HELD TOO LONG ARE TRAPPED WITH THAT BIG CURRENT WICK ON THE 4HR
- IM LOOKING FOR A CLOSE BELOW THE CRITICAL AREA... (MIGHT USE THE HOURLY FOR ENTRY BECAUSE OF THE SPEED OF MARKET)
- BUT ANY TRADES FROM HERE DOWN WITH STOPS ABOUT THE HIGHS AIMING AT THE LOWS 1.19 COULD BE MORE ILL KEEP UPDATING ...

GOOD CONFIRMATIONS
-STOCH DIVERGENCE AND COMING OFF THE TOP
- MACD CROSS

OBSTACLES
-21 EMA (RED) WHERE BULLS MAY TRY AND JUMP BACK IN....
I HOPE THEY DO PROVIDE ANOTHER ENTRY AND RETRACE
-WILD NEWS

IF YOU ARE STILL A BULL.... THANK YOU FOR YOUR HELP
WE COULDN'T HAVE TRAPPED WITHOUT YOU....

HAPPY HUNTIN' HAPPY TRAPPIN'
BOOBII
Comment:
Lots of positive economic data came out of the pound...
will continue watching but we need to make Lower lows or the 1.2460 area is a lot closer than we think!!
Comment:
All trades set to break even... manage risk.. stay alive to hunt another day...

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