TAS
Short

GBPUSD last correction before channel bottom hit

FX:GBPUSD   British Pound/U.S. Dollar
1030 19 28
GBPUSD             on a wave 4 correction. This is probably the last correction before channel bottom hit, for intraday traders the break of the channel could be interesting.
i agree with the target 1.2815. we seems using same measurement XD
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TAS Calamity
Thanks, nice to hear that. safe trading.
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i believe the real price move will get lower than 1.2815 , prob 1.27 or something , but according the shoulder-head structure, i measured it will down to 1.2815 at least
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and i have also checked us dollar index , the bottom head-shoulder structure applies there. and that index has double head-shoulder structure , 3 shoulders, small head-shoulder in 1 shoulder , i think big move. i will put all money on shorting s&p or aud after his gu trade
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TAS Calamity
Please don't put all your money on a trade. As for the head and shoulders, try to understand where it is happening, it is not in itself a trade setup. For example, I know some people that got trapped on this one and it was clear it wasn't going nowhere. As for this pair, I agree that may go lower, I'll reanalyse once it hits the bottom of the channel probably by the end of the weel. The next chart is not related, just a 4H timeframe head and shoulders that trapped many people.
AUDCHF on a failled head and shoulders
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gu already dropped like 60 pips at todays opening lol
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im shorting eu now
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i always take 30% or half money out when it hit 70% of my target or even 50%
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i got strong money management , the leverage im using is calculated based on both my win rate and risk/reward ratio.
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TAS Calamity
I sounds like you know what you are doing, cool.
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i remember this chart acutally, last time i went long aud even during brexit, i hold the position , becoz the strong weekly reversal signal tell me it will just go up . for me the trendline no.1 ; support and resistence also the reversal point no.2 ; structure no.3; ema and other indicators no.4
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TAS Calamity
Nice. You don't have charts, I'm curious now. Have a profitable week :)
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idk how to post the chart, im pretty new here XD. this week i think i mainly short eurousd, after i take some profit in gu . that euro usd pattern has been in correction many weeks.....
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TAS Calamity
you'll figure it out. ask anything on the PM if you want.
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lol the gbp
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i mean if the euro fall, it will fall big, like 1.0887, 1.0157........
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and i think s&p has no reason to get higher , it stayed at top for years, and this august i saw a monthly pin bar, i sold all my stocks , and on september, just last week, it closed lower. so im also considering to short the s&p!
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TAS Calamity
The S&P will probably be correlated with the elections and with the FED's interest rate decision after the elections. It will probably hold for a month
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im confused a little bit with the future move of gu since it looks like small space to move down but usd big space to move up
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