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AlMunshar
May 15, 2022 9:16 PM

Reversal points Short

British Pound/New Zealand DollarFXCM

Description

These are again Reflection reversal points. Give or take Plus or minus one candle ahead or after.

N.B If these refelection points turns into a Doji bar, Place your fibonacci retracement tool from the begining of the major reversal point from where the trend began going higher or lower and make sure the line of the fibonacci tool is @ High or low of the Doji bar at 0.618 and ride the whole wave for 60% to your targe point.

Happy trading taking into account MM (money management)

Comments
JoeChampion
Agreed on GBP weakness along with EURO, good work!
AlMunshar
@JoeChampion, My personal view on the cable is in contrast with yours, I believe it's TIME for a strong bullish pumping action on the cable and euro too. Majority of my calculations are based on the TIME factor. Some of these lines are mini secondary reversals, some may be medium cycle intervals.
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