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My trade idea is that this pair can retest up to 27 line or 38.20 line then sell its way downward to major zones of support levels.
Wait retest off 4hr for possible entry.
Collect Coins on the way down to sell
No more then 4 orders with different TP points.
TP Points based off past 4hr market data Candle Stick closings.
With such a strong bullish push on the daily and looking at past market data my trade idea is that this pair can react off the major zone of resistance for some time then begin to sell it's way back down to its support zone.
Also, my fib retracement calculations have shown that the current daily candle is dancing at the 78.6 level which would predict what I...
My trade idea is that GBP will fall as it is at a lower high point over the next coming week downward to 0.00 line then -27.0 line
TP pip would be ini the 150-200 range * without getting too greedy *
Sl would be at the 50.0 fib line or 38.2 but id go for 50.0 just to be safe
so risking about 80 pips for 200 ish
not a bad ratio
SWING
Idea originally came...