Alexander_Nikitin
Long

Trend Identification Technique + video

FX:EURGBP   Euro / British Pound
Hello, gang. Welcome beck to another edition of the forex weekly forecast. Here is the link to my YouTube video https://youtu.be/2pgOyWJ0rKM
Trade active: the order got filled
Trade closed: stop reached: If you entered this idea it turned into a loser. So huury up to get out of it. The setup is no longer valid))
✅ This pattern was found by MPS-v5.5 pattern recognition software: https://mps-trade.com

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Comments

hello Nikitin, i think any buy setup is dangerous at this point because price bounced at daily up trend line and its near the weekly down trend and there is divergence on MACD on both hourly timframe and daily timeframe. and there is one more reason, this structure is a corrective structure at Elliottt wave perspective and its about to end. I'm waiting for a sell setup.
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Alexander_Nikitin farid_ardavani
I don't use trendlines or Ewaves counts in my analysis. My analysis is sufficient and no confiramtions are needed. The setup is a high probability setup if it is taken the way I described in the video. Is he is modified somhow, then the probability becomes unknown. Cheers)0
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both patterns are same becarefull brother as we know we are aproaching on very nice bearish trend and we may see price action or may be reversal of bulish trend good luck
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Like I said in the video, not every setup is a winner. There's absolutely no garantee that this time the setup wins. But if you follow it consistently long enough over time you generate money.
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A very clever finding of pattern. !
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Thank you))
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