Timing is key
Short

2 Lower Top's, Break of Sliding Parallel of Mini Median Line

FX:GBPUSD   British Pound/U.S. Dollar
341 5 4
Hello all,

We have 2 confirmed lower swing tops, a break of the last swing bottom and sliding parallel. Will see if this market breaks to the downside towards the downward purple dotted Median Line.

Sincerely,

TIK
Minuteman
2 years ago
You shouldn't try to short a bottom (see Daily)
Reply
pmks1
2 years ago
Stopped out ...
Reply
Timing is key
2 years ago
Hello all, Stopped out on that one:( Two lower swing tops with a break of the low preceding the 2nd lower top is a trade I will take every day of the week as it will usually mean a strong continuation. I remain bearish the pound unless a swing bottom is confirmed and the Daily swing top is taken out. Even though we have had a consolidation the larger daily Median Line is my target....see chart below

snapshot
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pmks1 Timing is key
2 years ago
I like your analysis, so i will re-enter, small :)
Reply
Minuteman
2 years ago
I am looking for long: with low volume and big stop to enjoy the ride up 5000, maybe 10000 ticks
Reply
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