TL BEEN RESPECTED HERE
-WE COULD SEE A BOUNCE HERE
-I FAVOUR THE SHORT GBPUSD
-MAS STILL DOWN
-WE BROKE MONTHLY KEY LEVEL 1.5000
-I THINK WE ARE GOING LOWER
-THIS RED CIRLCE WOULD ALSO COINCIDE
WITH THE 0.618 RETRACEMENT.
-A,B,C AND D TARGET ZONES AS SHOWN
-TARGET 1 1.4775
COUPLE OF POINTS TO BEAR IN MIND:
-A BREAK OF THE TL AND CLOSE ON
DAILY TIMEFRAME COULD SUGGEST
A LONG TRADE
-FIRST TARGET WOULD THEN BE THE WEEKLY
KEY LEVEL LABELLED BUT AT THE MOMENT
BEARISH.
-WE COULD SEE A BOUNCE HERE
-I FAVOUR THE SHORT GBPUSD
-MAS STILL DOWN
-WE BROKE MONTHLY KEY LEVEL 1.5000
-I THINK WE ARE GOING LOWER
-THIS RED CIRLCE WOULD ALSO COINCIDE
WITH THE 0.618 RETRACEMENT.
-A,B,C AND D TARGET ZONES AS SHOWN
-TARGET 1 1.4775
COUPLE OF POINTS TO BEAR IN MIND:
-A BREAK OF THE TL AND CLOSE ON
DAILY TIMEFRAME COULD SUGGEST
A LONG TRADE
-FIRST TARGET WOULD THEN BE THE WEEKLY
KEY LEVEL LABELLED BUT AT THE MOMENT
BEARISH.
Trade active:
Reversal in the red circle area as I said it would and now ready to make new lower lows.
Trade active:
Expected Retrace possibly up to 1.5 but we are going lower to make new lower lows.....1.5 ish could be a good entry for short :)
Trade active:
In this trade Im looking for 1.4775 firstly.....we are going to make new lows
Trade closed: target reached:
Time to take all profits on this one....great move went further than expected and hit my weekly support of 1.4500 to the "T"....pips galore