Potential banger trade to take here, low risk and massive reward based on realistic sentiment. Target also brings us into the former impulse low demand zone, which is a very good target.
---I must stress unless you're a very good trader do not trade it until it breaks 1.5160's...----
Best of luck traders, Tom
NOTE: I offer face to face, and online personalised tuition to people who wish to become professional traders. For more details the tuition I offer, message me on here, or email me with the email address on my profile page. Thank you.
Order cancelled
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Demand zone is clearly having an affect on price. Waiting on the sidelines.
Comment
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No entry made get, still on sidelines. However I think we're getting nearer now and will be watching closely
Comments
moneymaking
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Hey mate, this bullish flag pattern might be helpful in order to go long :)
TomProTrader
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Hey, don't see from a technical perspective why it couldn't, but fundamentally a bear mate.
Tom
moneymaking
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Yeah, do agree with that. This is just a small intra day setup :)
simonsays452
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What are your thoughts on DXY stalling at the 100.00 level, as it relates to getting short GBPUSD?
TomProTrader
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Working on that idea as we speak. Be posted soon.
Tom
moorekapital
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Pound is still going down, anyway. I think Tom's Stop was too tight, but direction to me, is still down, Technically. For fundamentals.....I know nothing. ^_^
NidalDarawsheh
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hi moorekapital
trading is about making money not about technical and fundamentals, you get it right you make money you get it wrong you lose money, if your stop loss got hit you out, it does not matter if it goes in your direction next week. the minuet you trade an opinion you will lose "pound is still going down" is an opinion, be water my friend. it go up or down or side ways (trade this)
TomProTrader
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There was no clear break so no trade was made at the level prescribed.. I will simply wait and get entry later.
Tom
Daniel_Urdaneta
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Lol u were stopped out.
TomProTrader
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I'm glad you can read a chart, I'll give you lesson #2 next week.