Updating my chart to add more info on why I am bearish.
Current price levels also coincide with the measured objective of the inverted H&S formation from the SEPT. 21 low.
Also, looking at the monthly chart the market has broken and currently below a key rising trendline. We just need to clear 105.40 which I think is key to this bearish scenario in the short...
We could be looking at a top here.
This pair has been consolidating since SEPTEMBER 23 and while the preceding trend is bullish (from that September 21 swing low), I am looking for a break lower.
GBPUSD has reached top label of the H4 resistant label. I could be break the resistant label. Or it could reverse.
If it break the H4 resistant label you can buy in this zone (1.27833 -1.27499) and your
TP-1 would be 1.28966
TP-2 would be 1.29574
If it reverse from H4 resistant label you can open a sell trade from this zone ( 1.27430 - 1.27202) and your
TP...
FX:EURUSD
Jesse Livermore old style trading. No indicators.
Price describe ascend breakout mode, it could break the dynamic level offering a 3:1 ratio opportunity.
Price doesn't broke the last minimum the downtrend movement was weak.
Rally has strong yet
This is a trade for pick profits during the London and NY sessions trading in H1 timeframes.
