Today Brexit News... that Crazy 100 pip move in minutes was INSANE!!!
Now I caught a 300pip move as you can see the HEAD & SHOULDER PATTERN on the 1HR TF then the break of STRUCTURE then RETEST you can see how PERFECTLY it played out and how many opportunities could have been made to enter on...LOVE IT!
Now my bias has been Bullish and even with the news it seems to still look that way.
4HR TF - STRUCTURE IS KEY!!!!
Now there is MAJOR CONFLUENCE as you can see we REJECTED the DAILY support + 61.8% Fib + Bounce off the Break-Out of the Daily Channel Trendline... which now we are consolidating we could see spike to the 144.50 area to test that daily trendline but i feel we could consolidate due to the confluence area the sweet spot i have marked 145.00 either break back into the channel and TANKKKKKKK due to this BREXIT MESS lol
but as technical analysis im in a bullish bias but again due to BREXIT going on I'm staying out of the market
Now I caught a 300pip move as you can see the HEAD & SHOULDER PATTERN on the 1HR TF then the break of STRUCTURE then RETEST you can see how PERFECTLY it played out and how many opportunities could have been made to enter on...LOVE IT!
Now my bias has been Bullish and even with the news it seems to still look that way.
4HR TF - STRUCTURE IS KEY!!!!
Now there is MAJOR CONFLUENCE as you can see we REJECTED the DAILY support + 61.8% Fib + Bounce off the Break-Out of the Daily Channel Trendline... which now we are consolidating we could see spike to the 144.50 area to test that daily trendline but i feel we could consolidate due to the confluence area the sweet spot i have marked 145.00 either break back into the channel and TANKKKKKKK due to this BREXIT MESS lol
but as technical analysis im in a bullish bias but again due to BREXIT going on I'm staying out of the market
Comment:
1HR TF HEAD & SHOULDER PATTERN CAUGHT 300 PIP MOVE FROM THE 148.50 AREA
Comment:
Still RESPECTING CONFLUENCE AREA
Trade closed: target reached:
We have no retested previous high