We are on monthly Resistance zone: BO above the CZ long opportunity but if we see bearish evidence when we filter to lower time frames then its a signal to short to retest the previous low before we can go long again. Lets see if the PA is going to respect this analysis: this is long term trade, less lot size and SL must be in place.
Yesterday's targets respected, now lets take note of the following update of the next possibilities
FILTERED GOLD FROM DAILY TO 4H AND THIS IS WHAT I GET: RETESTING BETWEEN 1235 -1240 BEFORE GOING LONG
THE PATTERN HAS COMPLETED THE 1ST XAB, WILL IT COMPLETE THE NEXT B-C AND C-D SUCCESSFULLY TO FORM BULLISH GARTLY PATTERN? DO YOU GUYS SEE THE SAME VIEW OR DIFFERENT? LETS SHARE!
MY PREDICTION FOR THIS PAIR FOR THOSE WHO ARE PLANNING ON HOLDING LONG TERM. LET ME KNOW IF I AM RIGHT OR WRONG. THANKS
LONG TERM TRADERS, WHAT DO YOU THINK OF THIS SETUP?
MY GBPNOK MONTHLY IDEA: IF THE PA RESPECTS THIS SET-UP, THIS WOULD BE AN OPPORTUNITY FOR THOSE WHO LIKE TO TRADE FOR LONG TERM. FOLLOW THIS PATTERN WITH SL IN PLACE, HOWEVER ENTRY FOR THIS PAIR IS AT D. I WOULD REALLY APPRECIATE YOUR VIEW ON THIS PAIR GUYS, THANKS