FX:GBPUSD   British Pound/U.S. Dollar
274 3 1
Yesterday at a CD harmonics market filled my short order at 1.5972 which was a 50% entry of the CD leg. Hoping to magical reach 1.5800 the bulls kicked in and stopped me out back at 1.5900 where I claimed 72 pips. The strategy I have set up for this week is nothing but bearish orientated for as long as 1.6050 holds with the 150 daily MA as the ultimate target. Right now market has giving me one short scenario and that is a double top between 1.5930 - 1.5940. I need to see a close below that level for confirm. However on the monthly timeframe market has just barely missed the 50% of Septembers session. That's why for me at least I need price action near 1.5940. I'm anticipating a double top structure but I won't be entering aggressively. It's a potential reversal zone for me... That's all I have for today...
price has climbed to our reversal zone nicely... in case of a short confirm... I would like to see an indecisive candle/bearish candle etc... You might wanne try your luck at entering aggressively xP considering the nature of the movement I'm expecting a 3th push up to break .5940
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Scratch trade... there is still a gartley pattern but don't expect much of it
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Ryan Tyler samuraichopsticks
3 years ago
Never expect such kind of bullish action. This will come down again
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