So as an engulfing trader I see GA setting up on the daily for a long term pullback to 1.7150. If you use a fibo retracement you will see that price rejects between 50 and 38.2 level. For more confluence I pulled out the RSI and Stoch; you clearly see that price is over bought and now sellers is starting to come into the market.
We do have some news on Wednesday for GBP so keep that in mind. If you don't want to risk that much on the daily candle' I suggest looking for a pullback on the 4 hr or 1 hr.
Happy trading fams!
For those that are new on trading, I have a trading program where market experts teach you how to use some strategies on how to trade. For experience traders Algorithms are available for you!
Visit JulianSanderson.com under learn
We do have some news on Wednesday for GBP so keep that in mind. If you don't want to risk that much on the daily candle' I suggest looking for a pullback on the 4 hr or 1 hr.
Happy trading fams!
For those that are new on trading, I have a trading program where market experts teach you how to use some strategies on how to trade. For experience traders Algorithms are available for you!
Visit JulianSanderson.com under learn