I decided to go as low as the 5minute timeframe for an entry into this Bullish Pair. As I noticed price respecting structure creating higher highs and higher lows on the 1hour, 30min and the 15 minute time frame, I felt very confident going Long upon a retest of any support along with a reversal candlestick. After a 30 min higher high and a retest on the buy side...
Potential head and shoulders pattern to be completed in the longer term also being met with the daily trend line
As always....
PATIENCE - CONFIRMATIONS - ENTRY - PROFIT
Left butterfly wing completed time to the right one, it will continue in bull until the right wing will be created. with no break up of 1.17317 it will be a very strong sell signal, while breaking up 1.17317 will take the market to test 1.18000.
KISS (KEEP IT SIMPLE and STRONG).
After we see formation of the three we can see easy that is so called "dunked bull" formation and this is the way we trade it.
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A White candle under the level of the last white candle, is bearish trend confirmation and the red background help us avoid, some badly time long trades.
The Bear Impetus also show us that they are in charge.
Entry target around a three musceteers conservative setup entry point.
Sell signals appear right in time and we must start looking for short entry.
GBP still don't know which direction to take, but future weakness till the end of the week is on the table. Shot signal from color candles appear and red background confirms it.
The chop in the FTSE continues. We saw those levels mentioned previously between 6970-6920 do another great job and we are a decent amount higher today. The uptrend support line was pierced on a closing basis yesterday and we are back above it as it stands. I think we need to see it kick on above yesterday’s highs if we are to fully get behind a rally back to the...
