GBP/USD ARE WE STRUGGLING TO MOVE MAKE NEW HIGHS? TA SUGGESTIONS
I see on both sides of the ladder that there have been new lows and highs formed, this may confuse buyers and sellers so DO NOT enter the trade without getting the right price YOU want that to be.
Moving along... we seem to be moving upwards short term with small bursts of longs. This is good because bulls are still in the game, for me I am looking to buy at the end of the new low that may be formed, you can see basic analogy that head & shoulders could form here, firstly we would need to be re-visiting our support lines in order to progress. The retracement towards 1.2345 will be vital because this is the final volume for the downside.
1.490 will be our "crucial" point as bulls are going to be tested with a set of pullbacks. 1.2688 will be the long term target.
Entries:
1.2114
1.2126
CLOSING TRADES MANUALLY IF IN LOSS MOST LIKELY BELOW 1.20
NOT ADVICE, PLEASE BEWARE THIS MAY BE A FAILING TRADE
Moving along... we seem to be moving upwards short term with small bursts of longs. This is good because bulls are still in the game, for me I am looking to buy at the end of the new low that may be formed, you can see basic analogy that head & shoulders could form here, firstly we would need to be re-visiting our support lines in order to progress. The retracement towards 1.2345 will be vital because this is the final volume for the downside.
1.490 will be our "crucial" point as bulls are going to be tested with a set of pullbacks. 1.2688 will be the long term target.
Entries:
1.2114
1.2126
CLOSING TRADES MANUALLY IF IN LOSS MOST LIKELY BELOW 1.20
NOT ADVICE, PLEASE BEWARE THIS MAY BE A FAILING TRADE
Comment:
I already like how this is playing out, bounce off 1.220??
Comment:
expecting retrace into London session
Order cancelled:
Cancelled orders
Comment:
damn such perfect entries..