Here is the H4 analysis for the week ahead. I will keep things straight and simple. We can bounce the trend line (blue line) and retest 1.30 or we could break the trend line and continue the drop to 1.2580. Which is more likely you may ask? 1.2580 is more likely with hit ratio 60%. 1.30 is less likely with hit ratio 40%.
Hey @Seezak Where do you think we close today after the crazy Brexit ride ..... ?
Seezak
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We left a gap open at 1.2770 so you can short at no stress because that gap will be closed before any north move
ridealong
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@Seezak, Cool.....just the spike was a thought that it may retest 1.30 still....
Seezak
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Those that have been following me for past weeks/months will know the that we have bounced off the blue line to a point where I have lost count. It’s best to wait for H1/H4 close below the blue line and then short the retest.
UnknownUnicorn4127634
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@Seezak, indeed bro. Have a gut feeling we will bounce from the blue line. 1.274 thereabouts. Plus gbp news in morning which may be the decider