formed massive symmetrical triangle in h4 tf
wait for breakou either its upside or downside does not matter
if its brokes to the upside go for long incase of downside breakout look for short entries
Looking for a short on this. The support was broken and it is now retesting as resistance. Waiting for this to reject then can enter the short. Target is 9.32335, there may be some support at 9.40720 which could cause the price to rebound slightly but hopefully it will pass through this. There is also a longer term target at 9.07100.
Hey guys,
In the daily chart, there is a buy signal though not at the oversold territory. I will place a buy stop at September 20 highs of £1.32. If price action fails to correct lower towards the 20 period MA and at the 61.8% Fibonacci level then our sell stop will most likely be activated.
This trade will be as follows:
Buy stop: £1.32
Stop Loss: £1.3
Take...
