KevinSinghDhaliwal

Looking at GBPUSD New Opportunities + Current Situation

FX:GBPUSD   British Pound/U.S. Dollar
Hi everyone
I posted the first pattern (blue) few days ago, it seems to be in a progress so far. But we should also consider the trendline that are closing in which could lead to a potential downside trade or a confirmation for the blue pattern. Secondly, we have a cypher pattern (red). I will be updating along side as the market makes moves.
Lets see and Good Luck
timwest PRO
2 years ago
So, you are long with a tight stop (in case the red pattern is in play) and reverse and go short again with a tight stop? Is that correct? You'll exit your long at 1.56+ and go short? Thanks for posting your analysis from before to show how it has changed.
Reply
KevinSinghDhaliwal timwest
2 years ago
Hi timwest, first of all I want to bring the current situation forward as there seems to be a triangle forming. To go back to your question, yes depending on how the market moves that would be my trade ideas. Going long on the red pattern or shorting on the other one. But anything can change when the price reaches either one of them.
Reply
Fxtoronto PRO
2 years ago
very good insight
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out