GBP USD TA final part 4 from the 4 parts. Overview of 1H chart and putting puzzle pieces all together. TA in 1 - 3 parts clearly pointing to continuous trend down. S/R levels, channel, pattern and trend direction . A Clasical trend down collecting pips within channel down and looks like has still got a bit way to go down. We’ve got some general picture over here for now.
Someone says time to buy and jumped to BUY. I did opposite, I did open sell position. I do believe, jumping is good for fitness or fun only. I do believe in extended TA and ENTERING trades with a well chosen entry point, SL and TP levels. I would like to do some “Jumping” after profit pips collection only. Even if you missed a perfect “entry” point, you still have a trend heading in the clear direction on the higher timeframes and easily guessed reverse levels. Please don’t forget about retracements. Please be patient, check first at all higher times frames ,do TA and just after only, look for a “perfect” entry on the smaller time frames of your liking.
It is not some financial advice, just my way of going through with TA and preparing for the “perfect” entry.
Share your TA, thoughts , likes as well please!
Long live and prosper to all traders!
Someone says time to buy and jumped to BUY. I did opposite, I did open sell position. I do believe, jumping is good for fitness or fun only. I do believe in extended TA and ENTERING trades with a well chosen entry point, SL and TP levels. I would like to do some “Jumping” after profit pips collection only. Even if you missed a perfect “entry” point, you still have a trend heading in the clear direction on the higher timeframes and easily guessed reverse levels. Please don’t forget about retracements. Please be patient, check first at all higher times frames ,do TA and just after only, look for a “perfect” entry on the smaller time frames of your liking.
It is not some financial advice, just my way of going through with TA and preparing for the “perfect” entry.
Share your TA, thoughts , likes as well please!
Long live and prosper to all traders!