GBPUSD - is this the next Move Up? Long

British Pound/U.S. DollarFXCM

Description

⋅ Oct 1, 2015 4:59 AM

See Chart.
Price forms a falling Wedge/Channel like a month ago.
when the upper Trendline will break I look for Long Entrys.

regards
Parker

⋅ Oct 7, 2015 10:51 AM

Breakout after Correction!
(see comments for Chart)

Comments

FullTimeTrader

⋅ Oct 2, 2015 2:29 PM

Good one, sometimes i also see price history for clues about the future price action.

P_Parker

⋅ Oct 2, 2015 4:17 PM

Thank you

marcus123

⋅ Oct 2, 2015 2:35 PM

Based on that strategy alone I would say it is really risky in the short and long term!

P_Parker

⋅ Oct 2, 2015 4:22 PM

Thanks for your comment.
This is my Plan:
Trendline Break - Waiting for Correction to take Place - and buy the Break of Correction:

Still risky for you? :-)

marcus123

⋅ Oct 2, 2015 7:59 PM

Not as risky for sure!

P_Parker

⋅ Oct 7, 2015 10:51 AM

Breakout of Correction: