DatTong
Short

GBPUSD, View next week !

FX:GBPUSD   British Pound / U.S. Dollar
W1:
- Tendency: Strong downward.
- Trend bar: Down
D1:
- Tendency: Downward /Sideway
- Test support and closed below support
- Below trendline
- Small Candle bearish
--> Sell
H4:
- Structure: Downtrend
- Tendency: Downward
- Closed below resistance
--> Expect: Lower low
---> Sell
( Prior analysis
)
Comment: Move stoploss to entry. Take profit 1/2 volume !
Comment:
Comment:
Comment: Great !
Comment:
Comment: Great !
Comment: Order 2: Take profit > 100pip. Close 1/2 volume !
Comment: Scalping H1
Trade closed: target reached: cheer all who followed this trade! Please like if you like!
Comment: Discussion: Three Falling Peaks Pattern.

Comments

Great Trade1!
+1 Reply
DatTong Jodyhodgestn
@Jodyhodgestn, thanks bro
Reply
Hi Dat, I see Classic Bull Divergence on this pair, Could be an indication of a Pullback or Consolidation? It also could be hinting about a Reversal is near? It's one to watch at the moment. Price appears to be over extended on the Bearish side. What's you opinion?
+1 Reply
DatTong MAS-Trading
@MAS-Trading, Any targets that I set to exit are always potential reversal point/zone for the previous trend. So, you are right, but it doesn't mean it would reverse the trend, sometimes it is just an exiting point (some buying activities) for a while (consolidations) then it goes again with trend. So it needs to observe to determine the feel of next moves. I will update soon in the weekend for next move if there are any obvious sign (if not we need to wait)
Reply
like like like .... like
+1 Reply
DatTong yn.mehran
@yn.mehran, thanks bro
Reply
too oversold. probably get back to 1.30 or even higher. Remember to set stop loss if you already make profit.
+1 Reply
DatTong EatsMyLife
@EatsMyLife, Oversold.... over...oversold. The price can still down !
Reply
EatsMyLife DatTong
@DatTong, sure it can! Good luck!
+1 Reply
Thank you superstar!
Now pairs into new Lower Low.
Reply
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