Timing is key
Long

GBPUSD 60 Symmetry with Action/Reaction Lines

FX:GBPUSD   British Pound / U.S. Dollar
293 2 4
Hello all,

Should the top of this candle be taken out, we have a good setup for a LONG Position to 1.68500 - 1.68600 area then I expect a reversal. The yellow arrows are the anticipated Slopes of both moves should the top of this candle (On RED vertical timing line) be taken out. If the market plummets past the low of this candle, you must reverse position as the move has inverted.

Thanks again

TIK
Update: The Market had a decisive break below the RED CANDLE so the long trade was invalidated. It came back to Re-Test @ 61.8% before dropping into a Nice PIN Bar on the 25% Level. Notice what happened when the market reached the downward sloping Purple Reaction Line ( Downward Sloping Yellow Arrow ). It followed it down into the yellow vertical Timing Line Perfectly! At this point we have 3 Ducks in a Row for a Long 1. A Reaction at the purple Diagonal ( A Break of which will give you a reversal ) 2. Resting on the Powerful 50% Proven Support Level & 3. My beautiful Yellow Vertical Timing Line. A VERY LOW RISK LONG!

PS: I also have 2 black dotted vertical timing lines which pinpointed the ultimate Topping Formation.....A little difficult to see but was a good exit on that trade!

Sincerely,

TIK
Reply
Looks like an inversion!

snapshot
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out