MaryJane
Short

Time for a Breakout?

FX:GBPUSD   British Pound/U.S. Dollar
867 9 40
4 months ago
Yesterday we saw a fast dip down to 1.3078. This Level was bought directly, a countermove up to the Minimum correction Level, the 38,2 fibo started. Here the Price dropped again. This is not really a bullish Szenario.
Today we have reached an Action Point. Will a Triple Bottom be formed ?
Should the pair not trade above the fibos 1.31589/ 1.31835/ 1.32082 the shortterm Chart seems to be in a bearish mood.
Especially Prices below 1.306 are strong bearish The RSI signs a possible upmove before the breakout will start (orange arrow)
The risk-Lover is buying the actual Level for a shortterm Long, sl near below 1.306
The cyclical Trader should install a stoppsell near 1,306. SL 1.3125
4 months ago
Comment: We saw a bear trap (yellow circle) - The risk Lovers bought this bottom - a triple bottom appears - the breakout did not occur.. Will this tiny flag (blue) push the Pair to the Trends upper edge @ 1.316?
snapshot
4 months ago
Comment: wow..reached flag tp exactly...
snapshot

snapshot
Ali_Wibowo
4 months ago
wow deep... dalam banget....
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CezaryS
4 months ago
following your charts, thanks your descriptions i understand more and more from them. Still describe as above, do not forgeting, that here are learning new traders :)
Thank you
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MaryJane CezaryS
4 months ago
ok, thanks for your comment.....always feel free to ask me any questions....i will answer them - if you don`t understand my Analysis or a part of it or how to interprete it -ask me! :-)
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CezaryS MaryJane
4 months ago
I would not like to be like ignorant :) In the begining your analysis were very, very dark. Now is better, because i checked them with later results and became more clear step by step.
The question for now is how did you recognize Action Point? I suppose green line is important.
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MaryJane CezaryS
4 months ago
yes - in thgis example, the twice touched "support"level @1.3075 is an Action Point for me - here a desicion has to be made - at this Points, you always have a very nice Chance-risk-ratio
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MaryJane CezaryS
4 months ago
perhaps this is helpful for you, to get in or out of the market or to identify Action Points -
Introduction into 1-2-3 Trading Pattern
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CezaryS MaryJane
4 months ago
Good teaching materials never too much. Are they under a tag on your profile?
Thank you very much.
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willzhang6
4 months ago
Then where is the price going now? :) Thanks.
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romancyfrench
4 months ago
Hi Mary
I thank you very much for your thoughts and comments on the currency pairs and your willingness to help others and advised them and I wish you luck and success always. I hope that I find out this answer to my question because I am very confused. Now I am looking for a reputable company to reliable TRADE which in the stock and currency Portal but I fell in many problems with companies monument and fraud. Can you help me a reputable company where trust and I withdraw my capital or my winnings at any time. Company offers tips and recommendations to their clients.
I hope the answer please I am confused
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