as charted above, the GBPUSD pair had a massive bearish drop today; and began reversing from that bearish trend, around my charted support trendline. which all in all formed a double bottom pattern. the yellow line charted is the neckline. so several trades could be taken, being 1 right now and TP at neckline, and another more longer-term long trade towards the...
As you can see, as EURUSD reached resistnace, it bounced off of the resistance line and started its bearish trend. however, it returned to that resistance line and reflected off at the same resistance line. indicating a double top. and you can see, the bearish trend has started. But there is still a lot of room for profit. The above three TP's are just the start....
i believe that the upcoming week is going to be a bullish week for GBPUSD, due to larger institutional trendlines and S/R lines. the overall trend drawn for GBPUSD is bullish; based on Weekly timeframe drawn trendlines, however as there is a lot that can happen in such a large timeframe. the trendline for the daily timeframe drawn in yellow, which has hit the...