The numbers refer to the chart:
1 - TRAK hit 200 EMA and horizontal resistance
2 - Broke through 200 EMA
3 - Met horizontal resistance
4 - Is this the pullback?
So, will TRAK break through the resistance or will it hold? Wait and see.
As there's just been a major Bearish breakout, we must wait for further action before we take a position here. Will price break back inside the level and print a Bullish setup? or will this new resistance hold and and reject price down further? Wait for price action and only engage when it's formed.
The pattern I used to trade this long has been consistent with GBPJPY... This is hands down my favourite pair! Reason for this is because I am able to FEEL where price will reverse!
For the past 3 years this pair has given me more returns than any other. What does this mean? Well to me it means that I am able to read the perception of future market price of other...
The corrective rising wedge broke out , scaled in, target up is 3100 + for this pattern for assured profit. Only some USD from ATH breakout for ultimate confirmation, Ichimoku cloud signals positive on each and every timeframe.
Since we are on a post-majorcorrection breakout, leverage is maximum.
1.618 Fibo of complete corrective downward retracement and fully...