I try to explain everything on chart brexit is so important too But there is lots of tradable signals on lower time frame for sure! this is an overall look to price chart on daily time frame! I will share lower time frame signals when market opens. GU / GA / Gold . . . . FOLLOW me so you don't miss those opportunities! . . . . If you liked the idea click like and follow to see more upcoming updates. I'll be glad to know your opinion in the comments. This is just a bit of financial advice, do your own research too.
always keep an eye on Brexit news when you are trading pound
Ali_Talpur
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Well explained.
I was considering the same idea.
But I mostly trade 4H/1H, and according to my plan and analysis market is bearish.
And if we trade weekly/Daily we can see market has rejected that resistance area multiple times and a big bearish engulfing candle, which changed my mind.
This is the nature of market to show multiple structures on different TF, many will see this as bullish and others will bearish.
There is always conflict of interest in the market."One wins and One Lose.
Lets control the risk and follow our trading plan.
Have a great day.
@Ali_Talpur i’m absolutely agree with you this is just a daily perspective but i’m more bearish on GU like you and i think there is lots of opportunitieson lower TFs like you said hope you get good profit my guy thanks for your professional comment💎✔️
Ali_Talpur
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@peyfx,
I really like your professionalism about the markets.
The point to consider is that even hedge funds mangers doesn't know that where the markets are headed.
It's a approach of probability, and we want those probabilities in our favour mostly 50% with good RR and money management and we are golden.
I don't even know how those wanna be gurus hit 70 - 80% win rate, I guess they are not consistent.
peyfx
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@Ali_Talpur, you are right my guy
no one knows where is price gonna go
we just can trade on edges with more probability to go in one direction
and with good risk and money management we will make money
i think if we put more focus in charts we can increase our win rate