Tech Analysis only.
Thot I would post this perspective which is a higher probability statistically (see Bulkowski's Flag Patterns, but note he tested other markets).
My favorite pattern.
See Weekly/Daily charts, price is below trend line after a test. Bulkowski's percentage calculations projects a move to 1.14 level for which I won't entertain, but will capture the potential bearish move on lower time frames.
Thot I would post this perspective which is a higher probability statistically (see Bulkowski's Flag Patterns, but note he tested other markets).
My favorite pattern.
See Weekly/Daily charts, price is below trend line after a test. Bulkowski's percentage calculations projects a move to 1.14 level for which I won't entertain, but will capture the potential bearish move on lower time frames.
Trade active:
05NOV2017
GBPUSD Sell 1.30647
s/l 1.30961
target: 1.28/managed
GBPUSD Sell 1.30647
s/l 1.30961
target: 1.28/managed
Comment:
moved stop to 1.3172 (via Daily) in event of false breakout Trade active
