GBP USD is providing us a great opportunity.
Weekly- the previous candle has touched in the weekly trend line and rejected, creating a bearish candlestick this week.
Daily presented us a engulfing candlestick, and also showing a clear rejection, from the weekly trend line.
However,4h looks like we will face some consolidation before going south. We must at least see a retest of the blue zone represented in the chart-1.27070 , before taking any short position. I do believe the restest will be rapid and strong, that will take us directly to 1.27930( daily key level). Once we reach the daily key level, I will be here, back to update you guys! Please look for long term if you really want to capitalize this postion
Weekly- the previous candle has touched in the weekly trend line and rejected, creating a bearish candlestick this week.
Daily presented us a engulfing candlestick, and also showing a clear rejection, from the weekly trend line.
However,4h looks like we will face some consolidation before going south. We must at least see a retest of the blue zone represented in the chart-1.27070 , before taking any short position. I do believe the restest will be rapid and strong, that will take us directly to 1.27930( daily key level). Once we reach the daily key level, I will be here, back to update you guys! Please look for long term if you really want to capitalize this postion
Comment:
Hey guys, as you can see in the picture the market is creating a trend/pattern, that is a clear correction, ( educational- the bigger the correction the bigger the explosion). Entries somewhere around 1.29002 and the top of the trend is the best entries!
Comment:
Possible double top.
Allow the trade to breathe
I will be here to update you guys, in addition I would like to show more transparancy in my entries and results, including my size lot, that I know that normally no one shows.
Allow the trade to breathe
I will be here to update you guys, in addition I would like to show more transparancy in my entries and results, including my size lot, that I know that normally no one shows.
#realaccount #realtrader #realprofits