30/12/2019 GbpUsd Rate from 1.3170 as Resistance Level Current Support Level is at 1.2903 A Retrace to Higher Pricing is allocated at 1.3170 Now at Current Price 1.3149 Which is now considered as A Sufficient Move Higher against the Current Price Range which consists of an h1 bar retrace At 39% percent bar Higher on the h1 chart. Expected Outcome - Is that the Rate will Move Lower from 1.3149 And into my Target Level at 1.2525 Which is at 61% percent bar on the Daily Chart or Daily Range Lower. Downtrend Mode - from 1.3149
Trade active
⋅
6/01/2020 Mid-Evening – GbpUsd Rate - Trade still Active from 1.3218 High & Resistance Level. the Trend just pulling a little higher than expected on this occasion from the 39% percent bar high target nominated at 1.3170 1st & Nearest Resistance Level – become 1.3283
This outcome has been modified and added to my bookkeeping records as so on further occurrence – the trend Can be applied at A better rate of exchange. Current Spot Price 1.3132 2nd Resistance Level exists at 1.3173 now at 1.3209 From 1.3952 Support Level Low. So, the Rate is considered at A Continuation Downtrend Phase towards Lower Low & this is the outcome Expected within the Current Trend - Target Level Low remain & is allocated at 1.2525 Downtrend Mode
Comment
⋅
Important Notes : Can you see how trading ideas or trading to rules - Come`s into play as the charts extend more and more relevant data which is needed in order - So we can qualify the charted picture to outcome Or drawing in the bigger picture then ? So much more quickly & clearly whilst the trends are establishing themselves.
Comment
⋅
13/01/2020 GbpUsd Rate 2nd Resistance Level exists at 1.3173 now at 1.3209 more resistance applies at 1.2902 - Before continuation low at 1.2525
Could you suggest a target if gbpusd breaks up, i expect up move and then a fall in coming weeks
UnknownUnicorn5176330
⋅
@Jaypipin, 2nd Resistance Level exists at 1.3173 now at 1.3209 - Target Level Low & Take Profit then - Remain & is allocated at 1.2525
The Trend is Down Bro Follow as I instruct i know what I am saying - when I apply Forecast its because the Rate is moving correctly as to my indicators - Its not guessing what will happen next - Like some.
Take a look the Rate is moving down - Down-trending towards 1.2525 at Support Level.
Jaypipin
⋅
@forexcandles, okay.. thanks
UnknownUnicorn5176330
⋅
@Jaypipin, I`m glad that you are getting the hang on of it. I try to make life as simple as possible - Not Confusions.