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2Greedy
May 31, 2015 3:35 PM

GU possibility Long

British Pound/U.S. DollarFXCM

Description

A bunch of long orders should be somewhere within the green box.

This is along with a convergence of the moving averages and the blue trendline of goos support that price has respected, although feebly...

I would like to enter once price leaves the green box but will have to see what candles say at the time. If candle has a long wick into the box but closes inside and above line i will immediately long because that is a sign that my analysis is right.
Comments
2Greedy
Notice how each of those red "step" candles go down at the same rate? My long order was hit and i tp, see why.

Go to a 1h chart and for the step days put a fib from high to low, you will notice each step retraces to .618 fib
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