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
An ascending channel has formed with a lower long-term parallel trend line being touched, Fibonacci trend lines touch up with multiple major support and resistance levels. If projected properly, price may see ATH July next year with a rally start in the coming months.
more delays for brexit should see big gap down and a return to retest previous lows.
if deal is agreed then we should see gap up and continued strength in the pound.
honestly, i have stopped day trading the pound, it is very volatile and now looking for longer term positions.
As a young person in the UK i feel my views have been forgotten about. To anyone over the...
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...
Expanding wedge formation on BTC .
The market is very close to the horizontal support.
The odds are very high that we will see one more bullish impulse from it.
Safest stop is 7600
Initial target - 8400
Second target - 8800
Looking to BUY GBPUSD in BUY AREA and to close trade in TP AREAS (30+ PIPS)
Looking to target price area 1.284
- Enter on reversal pattern
- Do not enter on bearish break through of buy area with strong momentum
Flag, pennant or wha'everrr.. this thing is pressure cooking to boil north!
No guarantees. This is based on experience of these positions.
Whilst the probability looks favourable for the north, note carefully that there is a residual probability for the south.
WARNING: New and unskilled traders are advised to avoid this instrument. No guarantees supplied....
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 .
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)