Hypoxic1

Hypoxic1

The purple lines are weekly support and resistance and the white lines are daily support and resistance. Checking out the 4h for entry.

Hypoxic1

The is my prediction.

Hypoxic1

I am waiting for price to retrace and then going short to the 1.61. There is a lot of support there so I believe it may not go far beyond this point.

Hypoxic1

I believe GBPUSD will start its continuation up from here.

Hypoxic1

Trend line broken and it reached 2.61 on the FIB. We are going up!

Hypoxic1

I am looking for confirmation or correction from a fellow trader. My thoughts are that the current bullish candle is simply retracing on this leg and then the bearish trend will continue. Please take your time to enlighten me with your views. Happy trading.

Hypoxic1

I would love for a novice to enlighten me on there perspective of this chart. There was a new high created above the trend line that appeard to me to be a reversal. Yet it looks very clear to be a double top. I am going short here.

Hypoxic1 Updated 

So this pattern appeared back in February-April of this year 2018. But after the pattern finished price dropped instead of increasing. Looking at the weekly chart price appears to have rejected going higher yet it remains midline on bolinger bands. My thoughts are completion of this pattern and then higher highs and higher lows.