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Short from head and shoulder break of neckline.
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OVERALL Dview still Bearish
24/09/2019 - Fundamental News pushed price back to resistance level. However a NO DEAL brexit is still a higher possibility
SELL 1 hour view
Practise strong risk management and watch out for fundamentals!!
GBP USD SELL
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IMPORTANT, ONLY enter if support is broken, followed by bearish candle!
HUGE PIPS to be gained!!!
Overal Trend Bearish
Head and shoulder pattern formed
D View = Signs of Uptrend breaking
Month View = Bearish Trend
GBP USD BUY
D View = Trend breaking from Bearish to bullish
BollingerBand = Strong Buy inpulse, trading at above levels.
4h View shows retrace to 1.23770 (ENTRY)
BollingerBand = Retrace in progress
TP 1.27632 (IF trend line breaks, otherwise take profit)
4hour view: SELL
Tight SL 81.774
Trend went from bearish to correcting
Bollinger Band shows rejection at top (81.912) Followed by Bearish engulfing candle.
Overall trend: Bearish
Bollinger Band indicator: - Signs of rejection at top (0.64511)
- Price currently closed at 0 level (if broken = sell signal)
Fib retracement: - TP 1 @ 61.80% = 0.63384
Bollingerband: - Trading below 0 Level = Bearish sign