Tom_Killick

GBPCNH-Update: Take Profits, Weakness Seen! #Forex

FX_IDC:GBPCNH   POUND STERLING / CNH
18 2 7
Traders,

Update on trade: Moving extremely well to the upside since I last posted the pair (See related ideas). It's time to take profits here for the time being since the trend is weak.

Previous analysis: The trade is in a nice 3 wave cyclic move since buying at the bottom. There was a nice bullish leg, followed by a corrective bear leg, offering a morning star signal for a continuation move to the highs of the range. The morning star was offered on Fib retracement, giving a nice reliable launch pad for an upside move. Expecting the extended target for this pair to be the 3 wave minor move. Before taking profits on this position.

I hope you have a tested trading strategy to trade this move when it starts

Thanks for your support
For more information on joining my private signals group or receiving professional online trading tuition, contact me here, or via email.

Youtube: https://www.youtube.com/channel/UCrKe1mbrc5cAj1BuuQNoyrA?nohtml5=False
handosul PRO
a month ago
I am always satisfied your signal and tuition.
Many thanks. great day.
+1 Reply
Tom_Killick handosul
a month ago
@handosul, Thank you for your compliments.

Best of luck :-)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out