There might be a drop in the making

FX:GBPUSD   British Pound / U.S. Dollar
69 0
I have set up a 4 point break, if price action breaks all 4 points then prices will drop! We have other indications from other time frames telling us prices will drop! 123 has been formed! I can see macd negative divergence occurring, that's supporting a drop in prices! Price action found resistance at a pivot point level, only one way to go, and that's down, not up!
Comment: I can see a head and shoulders formation that's supporting a drop in prices, confluence of events has occurred, we still wait for the breaks to get into a position!
Comment: load up folks, were about to go
Comment: Trading on pure technical analysis, nothing like it in the world !!!

Check out my next tech analysis trade soon!
Comment: If you know that your Technical Analysis is solid, then there is nothing to worry about, prices may turn around for a minute or 2, but it will complete the task of its own rules, which is the currency market is driven and govern by Tech Analysis!
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out