Head and shoulder formation on the 4H. I am waiting for a retest of the liquidity zone for a entry to complete the H&S formation, before we see a roll over into 0.89000.
Hey tradomaniacs,
welcome to a new free trading-setup.
NOTICE: THis is meant to be a preparation for you. As always we need to wait for a confirmation!
Market-Sell: 0,90230
Stop-Loss: 0,90850
Target 1: 0,89650
Target 2: 0,89145
Target 3: 0,88590
Stop-Loss: 62 pips
Risk: 1%
Risk-Reward: 2,75
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This set up is based on the current order flow. Risk reward is good with 2 take profit targets.
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EURGBP
WEEKLY on the left: touch of the trendline, expecting decline to key fib level + reversal zone, then rise from there.
12H on the right, evening star formation, also H4 bearish engulfing
Sell positions to kick in soon!
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2. The setups given are my own perspective of the forex market and by no means...
GE GE WP
1. BALANCE remains BEARISH
2. TARGETS Below ( today and tomorrow full day of news, good time to gather some stoplosses)
3. London is on fire
Easy Trade, set your limit orders and forget about the trade
First off we have resistance coming from the last swing up to this area. Secondly we finished 5th wave in 0.795 and we should see a correction wave, that lines up perfect with a AB=CD move down to fib resistance/extension
