Syndicate members there will be a video uploaded breaking down this trade shortly (I have to re-produce it), But what I'm looking for on the EURGBP is a Bullish trend continuation trade opportunity.
The Red & Green boxes represent levels of structure in the market with Red being resistance & Green being Support. As you can see originally resistance held, but once beaten down was turned to support which was also retested and held before rallying higher.
If price action were to return to this level it would offer us a potential trend continuation trade as this market has a lot of upside potential.
Akil Stokes Chief Currency Analyst & Head Trading Coach TradeEmpowered.com -The Premier Online Trading Education Company
Seeing how indicators are lagging, I'm a little confused on how you're able to tell if it's too overbought, or too oversold at a level that the price hasn't even arrived at yet.
BilboFx
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my idea is that when ADX are on the top it's not times to buy
Akil_Stokes
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Gotcha
BilboFx
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No i don't like bull trap I am very independent cerebrally I hate brain scrambling, people are all in brain storm
Akil_Stokes
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I'm sorry but I'm not sure what you mean by "brain scrambling, people are all in brain storm" but I didn't want to seem like I was ignoring your comment.
BilboFx
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Turtle soup perhaps
BilboFx
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I prefer now to buy, looking for a signal
Akil_Stokes
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Nice! Hopefully it'll provided you with a reason to get involved
BilboFx
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perhaps but tomorrow Theresa May take orders Thursday, July 14 and I'm leaving for the weekend next week week we'll see options