moorekapital
Long

GBPUSD: HIGHER LOW MAJOR TREND REVERSAL IN PLAY

FX:GBPUSD   British Pound/U.S. Dollar
201 5 7

1. HH MTR             = DB
Sell Climax
Prior Uptrendline Breakout
Breakout Limit
Higher Low Major Trend Reversal = Almost A Double Bottom

2. Price Is Trending Up = Higher Highs + Higher Lows

3. Mode Is Building = Bulls Are Accumulating For Long . 5 Bar Currently...

4. Price Continues To Stay Above 50EMA = A Sign Of Bullishness

Until Then.....

Sharp Sharp , And God Bless!

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If EURGBP reverses, this pair will be weaker than EURUSD. (I think it will)
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moorekapital PRO IvanLabrie
a year ago
Pullback most likely, imho
EURGBP: BEARISHNESS CONTINUATION....???
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IvanLabrie PRO moorekapital
a year ago
The weakness is done it seems.
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moorekapital PRO IvanLabrie
a year ago
Mode has since, increased to 13, If I'm not mistaken
snapshot
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IvanLabrie PRO moorekapital
a year ago
Yes, correct, but there is an even larger daily mode with more than 20 bars, hence my weekly setup.
I'm entering aggressively using a 3 bar range breakout and retracement, r/r is more than 7:1 for it, but lower probability.
You can take the daily time at mode breakout but I prefer to scale in on the weekly range expansion signal in my chart.
Target is huge anyway.
+1 Reply
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