Hey Guys! As you know, I'm currently waiting for a pullback to at least 131.67 for a short entry with the stop loss at 133.68 and the main target at 114. 40 . On the last 4h move up I didn't get the pullback to my entry level at 131.67 by roughly 8 pips!(Wha-----t?) So I've been watching the lower time frames for signs of short term long strength to see if I...
Hey Guys! The mid-road long entry did not set up yesterday...So I'll still be waiting for a pullback to 1.3313 and perhaps even further with the stop loss at 1.3163 and the main target at 1.3833. Moreover, since the fake 1H double bottom confirmed short term short strength, I'll still be expecting a pullback to my long entry level at 1.3313. I explain some...
Hey Guys! I may be getting into the GBP/USD Long Trade early. I was going to wait for a full pullback to 1.3313 and perhaps even further with the stop loss at 1.3163 and the main target at 1.3833. However today, it is possible that short term long strength is kicking back in. Thus I may be getting in early. To explain: The 1H chart formed a fake double...
Hey Guys! As you know, I'm currently waiting for a pullback to at least 131.67 for a short entry with the stop loss at 133.68 and the main target at 114.40. Like always, I'm watching the lower time frames to confirm whether or not I will get this pullback to 131.67. During the initial move long there were several confirmations of short term long strength on...
Hey Guys! As you guys know, I'm currently waiting for a pullback to the 1.3313 levels for a long entry on the GBP/USD. In order to know whether or not I will get this pullback, I look to the lower time frames to see how much long strength or short strength there is. Now in this case, I want price to come down to my entry level, thus am looking for signs of...
Hey Guys! The 4h chart and 15m chart is confirming short-term short strength at the current moment. Just need price to retain its lower time frame short strength until the Long Entry price level at 1.3313 is reached. Or perhaps even beyond. I'll keep you guys updated! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Hey Guys! The Bias for the GBP/USD on the Weekly chart (Medium Term Bias) is long. In other words, price is likely to reach 1.3833 before reaching 1.3163 I am willing to take a long entry if price pulls back to 1.3313 and perhaps even further with the stop loss at 1.3163 and the main target at 1.3833 As always, this is assuming the lower time frame price action...
Hey Guys! The Weekly(longterm) bias is short. Or in other words, price is likely to reach 114.40 before reaching 133.68. So I'm waiting for a pullback to at least 131.67 or ideally to 132.68 for a short entry with a stop loss at 133.68 and its main target at 114.40. Keep in mind, this is assuming the lower time frame confirmation retains its integrity of short...