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jrock77
Sep 21, 2019 9:52 PM

buy trend swingtrading gbpusd  Long

British Pound/U.S. DollarFXCM

Description

i see the possible beginning of a retracement that can be sold with a 1 to 3 ratio. i have buy lines that should give 1 to 3 opportunities on buy side which seems to be better side. 'bounce line' is the middle line of a modified fork. im using the main fork as a pendelum fork to see seller exhaustion at its middle line for nice buy trade. a buy channel with the bottom trendline as possible entry to buy. and for sure the bottom line is the best buy so maybe a twin trade leaving one open a while. i can see the downtrend but the way it just turned leads me to think its a significant reversal point for more pips north.
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