shanetrades1

shanetrades1

+HOURLY PIN BARS - VERY BULLISH UK OPEN +MTF EMA -VERY LARGE PULL BACKS SINCE BEARISH BREAK OF TREND (WEAKDOWNTREND)? +MTF RSI +LOWER LOWS IF LOWER HIGH ? ON HTF +Betweeen brexit and covid £ is weak

shanetrades1

Positive BOJ Covid concerns sees strong YEN Pound covid concerns

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EMA CONFLUENCE MTF RSI CONFLUENCE MTF S+R + Trendline cross

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THE UK OPEN

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Short term trade experimenting with H&S pattern (inverse) Short term long into the pivot DO NOT TRADE .TRIAL

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Continuation of the recent down trend Price opened below the Daily pivot indicating Bearish conditions Lower highs lower lows on 1 + 4 Hr time frames EMA 100 + 200 Bearish IF price rejects said area will create a head and shoulders pattern on higher timeframes (Right shoulder) bearish momentum then expected IF price breaks this area of resistance VOID Trade

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Continuation to the downside before reversal

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FIBS S&R

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IF CONSOLIDATION IF REJECTION IF LOWER HIGHS

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Please read from the chart

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When will the pair find a bottom ?

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1HR -MACD ,RSI,FIB

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Thoughts and theories welcome

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Beyond meat ,surely a great long term investment

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Scalp short. - Downtrend channel - Resistance - 0.5 Fib Retrace - Lower Highs ? ?

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Fib and price cross over

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Consolidating at previous resistance and downtrend cross section . Enter short on the break of consolidation

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short