one of two things might happen , immediate breakout of res line and neckline and retracement to make res support and continuation , or price to drop to find support @ 0.89665 and rally up P.A/P.O- just above that for buy.
(longterm) find entry on 4hr after signal shown on retracement line.
(late entry) after neckline as principle states but "F" that if you know yourself., tp could be before resistance line for safety or P.A and watch. if price is in that area at or near end of week , take profits and watch for break following week or so
Looking to BUY GBPJPY in BUY AREAS and to close positions in TP AREAS. (30+ PIPS)
- Do not enter on strong bearish momentum through BUY AREA 1, Strictly looking for reversal signs
- Wait for reversal pattern
- Enter on price action in BUY AREAS, should price break through BUY AREA 1 with strong bearish break through to BUY AREA 2, enter BUY AREA 2 on signs of...
Looking to BUY GBPUSD in BUY AREAS and to close position in TP AREAS. (30+ PIPS)
Looking to target price area 1.291
- Do not trade if price breaks through BUY AREAS with clear bearish momentum
- Wait for reversal pattern
prediction , breakout on major resistance , minor res broken, price retracing as it is the end of the week , amazing that price literally stopped at that resistance right there, otherwise good momentum even on higher time frames
opinions and engagement welcome as always
price is going back into the lowest zone of my key zones , so that is also part of my...
Hi all ,
I have open a buy on this pair as the long term structure of this pair hasn’t broken to the downside, so at this moment im buying to sell at a good price . This is a slow moving pair , so patient is needed .
Hi all ,
This trade was one of our premium trades from last week , we bought this buy & now as you can see we are at a point where we bank tp1 , my bias is still long till December, however to get a better price is to wait for price to break current structures marked on the chart . Please don’t open positions based on 5pips movement on this pair . Wait and get a...
what really makes a head and shoulders to someone ?
does it have to look like the ones you see in the example, (subjective still right ?), go to daily chart for better perspective , when things look muddy always go higher.
SET P.As at reasonable places consider price retests before breakout )as it does , if breakout achieved (anticipate retest of broken line)
another case of an inverse head and shoulders price continuation, price to push back to 0.63493 to find support (AS PRICE DOES ALWAYS AND SHOULD) this is the anticipation. if reversal to happen at that point. T.P.1- 0.64399 safe place or set .P.A to watch if the Case is that price will continue upwards (and you have the patience to wait for T.P.2@- 0.65381 sweet...
Similar to NZDCHF (Makes for decent correlation) , in a case like this one pair will just work as a leading indicator where price will go , if you miss one there's another one, use it to your advantage i guess (doesn't mean you should have positions open on both , it just means double the risk not the money, you could but that's not the best idea)
minor res broken forming 2nd bottom on trend line
(GO DOWN TO 4HR TO ASSESS SITUATION AND FIND RIGHT ENTRY FOR YOURSELF)
P.A- 0.63000 for early entry ( this level is prone to getting triggered early af if price decides to be on some bs) could be a good outcome or bad , close to current price (good stops and lot size can save you )
P.A-0.63249 safe entry after res...
GBPUSD continuation, price has finally broken out of lowest zone , possible recovery of the pound according to technical. 1.27246 RES to be broken immediately or retrace at 1.25731 for break & trend continuation.