Accumulation of : - Triple fib confluence - Retest of weekly trend (red) - Monthly pivot - Strong oversold ( 90% is expected) - Blue bullish structure - Support zone (based on smaller time frames)
There is 2 targets and a breakeven level on the chart .
You still think this could go lower first with the Daily reversal candle? That was also with a stronger dollar on Friday, if the dollar rolls over this thing could fly.
Isn't that a Bullish Harami on the weekly at the 55EMA
mattytb84
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@mattytb84, I should of said thats the GBP futures chart
Foralex
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@mattytb84, Maybe it wont go any lower but if it does , ill get a better entry ! :)
Not only is this going to be a big win, chances of profits being amplified with MPC rate hike expectations heating up makes this entry the best. I'm long GBPCHF
Power82
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nice setup....thanks very much
Gooner1986
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Thank you very much :) this is a great analysis indeed..
Isn't that a Bullish Harami on the weekly at the 55EMA