tntsunrise
Long

GBPUSD WAIT FOR THE ABCDE TO COMPLETE

FX:GBPUSD   British Pound/U.S. Dollar
3593 17 117
GBPUSD             WAIT FOR THE
ABCDE TO COMPLETE

I won't long gbp now
i ratther wait for it to go down one more time
1.4129 is a level i am interested in
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Qasimshahzadgt
11 months ago
good dear... what about this. i think this is already trand line corss...
Reply
JamesBrown PRO Qasimshahzadgt
11 months ago
Trend lines have pull power, just like horizontal resistances that have been tested have pull power. The difference is that S/R lines are static, while trendlines aren't.

My point, price tends to be pulled- back quite some distance after breaking through them. A logical point to buy into that pull would be an opposing trendline, which happens to be what the bottom of the triangle that Jack is targeting.

You want a low probability, high risk, trade, then trade merely the breakout of an old trendline. You want a high probability, low risk, trade, then wait for a high probability pivot area. That's what this trade set-up is, in a nutshell.
Reply
infinitum JamesBrown
11 months ago
can I get a mean 'ol James Brown "HEY!"
Reply
JamesBrown PRO infinitum
11 months ago
Ayahhhhhhhhh! I feel good...I knew that I would...
+1 Reply
Qasimshahzadgt
11 months ago
snapshot
Reply
itahirmasood
11 months ago
Good~!
Reply
heavenbird92
11 months ago
when is it going to that point 1.4129 ?
Reply
tom_mok
11 months ago
can we sell for this ?
Reply
heavenbird92
11 months ago
how long does it take to go from D to E?
Reply
michael6malone PRO
11 months ago
Thank you Tntsunrise. Given the RSI value on the 4 hr chart I am taking the sell for at least part of the trip to point E.
Reply
Gbprider
11 months ago
gbp will fly if the news positive today , i hoping for positive news
Reply
MohammedSolaiman
11 months ago
how come that "E" is down !? abcde is a correction pattern
"E" suppose to be up so the price complete the direction
+1 Reply
crncy PRO MohammedSolaiman
11 months ago
good point.
+1 Reply
kfrivaldo
11 months ago
in spite of the grexit discussion, you have bullish sentiment in favor GBP?
Reply
sanmed02 kfrivaldo
11 months ago
there is a bad news for a GBP ! I don't think so
Reply
Sleuthy
11 months ago
Jack....just wanted to say your one of the best at explaining the ideas out here...a big thank you
Reply
haodong9966
11 months ago
guan zhu yi xia ao ba ma fang ying
Reply
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