tntsunrise
Long

GBPUSD power of 0.618

FX:GBPUSD   British Pound/U.S. Dollar
1214 10 50
Power of 0.618
GBPUSD             touched the 0.618
1.4065 and reversed nicely
When it is good time to buy the pull back?
0.618 is the most important level you should pay attention.
I am still holding my previous long position at 1.3870
and I added some position at 1.4065
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perfect setup Jack, Thanks
Reply
Same view and entered market around 1.408 :)
Nice one Sir, learned a lot from u :)
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LeeFuGuo LeeFuGuo
Sorry ... I have 1 question to ask ~ u have mentioned above u still holding your previous long position at 1.3870. I remember your previous trade you entered short on Gold. So isn't there is a contra? which will result in 1 gain and the other one lose? Sorry because I'm still new :)
Reply
Not really. Long GBP and Short Gold, you can look at the XAUGBP chart, it is going down.
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LeeFuGuo tntsunrise
Thanks !!! Appreciate your information :D
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CONGRATS!
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i had taken the same trade justr before news! luckily i got in less than 5 min before. seems like a libra pattern or at least thats what i had seen as well as the .618. does that structure to the left make for a libra? if not can you explain to me why? dont want to ask for too much sorry
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tntsunrise TOP DAVID_GIRALDO
CONGRATS! Yes still make a LIBRA, that's why Price reversal nicely at this level
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DAVID_GIRALDO tntsunrise
thanks jack. yea ive tried to look up rules for libra pattern but the only place i see it is in your post but i take what i can learn and make the best out of it so i have learned this pattern from what ive seen in the setups youve posted so a big thank you jack
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tntsunrise TOP DAVID_GIRALDO
WELCOME
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