ReavillFX

ReavillFX

Showing good support off the trend lines Used smaller time frame to go for a good entry and a small stop loss for big rewards. Also hit a low of 25 on RSI take profits set on fib retrace lines to the 0.618 Please follow me and like my idea it would be much appreciated

ReavillFX

Price action for buy is really strong it broke out of previous trend and retested it for good sign of a breakout upwards. 1:2 risk reward ratio. i entered this trade on a bullish candlestick pattern. technical indicators support this uptrend on every time frame.

ReavillFX

Waiting for it to reak out of the resistance zone and create a bullish engulfing/shooting star candle to place then aim for previous high support levelif it breaks lower level ill wait to see if support zone becomes resistance zone then think about a different entry to the downside or possibly wait for it to break upwards

ReavillFX

Continuing from previous trade possible second movement upwards off the previous resistance zone to top trend line

ReavillFX

on 1hour time frame its showing an uptrend and formed an engulifing candlestick pattern to support uptrend. and lower down on the 15 min time frame it is showing signs of breaking resistance and forming as a support for a short uptrend.

ReavillFX

Passed a small support level became new reisistance bullish engulfing candle as entry

ReavillFX

Hit previous strong resistance creating a bearish candle

ReavillFX

Bouncing of strong resistance zones and off the 0.50 fib retrace

ReavillFX

Chance of Bouncing off previous support at around 0.78 fib retrace aswell

ReavillFX

Fibonacci retracement support and resistance

ReavillFX

Hit a strong resisitance tested 3 times already 3 take profits at possible support levels If it breaks the strong support the changes to a resistance close trade and switch to a buy.

ReavillFX

Strong support level and large bearish engulfing candle for entry

ReavillFX

Broke the support level and possibly becoming the a resistance. It follows the down trend allowing for a temporary break out with stop loss above a previous support level. 3:1 risk reward ratio.

ReavillFX

GBP/USD downtrend after break and hits strong support (light Blue horzontal) take profit not set as their will be multiple set back