AFTER PRICE ABRUPTLY SPIKED UP LAST WEEK IT RETRACED EXACTLY AS MY PREVIOUS PREDICTION. AS I PREVIOUSLY SAID THERE IS GREAT POSSIBILITY TO EXPECT A CHANGE IN TREND. I AM LOOKING AT A LONG TERM
BUY ON THIS PAIR. REMEMBER YOUR RISK MANAGEMENT TRADERS!! CHEERS
PRICE HAS NICELY BROKEN THE TRENDLINE AND IS NOW RETESTING IT. ALSO FORMING INVERSE HEAD AND SHOULDERS. I LOOKING FOR A BUY FROM THIS POINT.
REMEMBER YOUR RISK MANAGEMENT. ALWAYS USE THEM
AT THE BREAKOUT OF THIS CONSOLIDATION I WILL BE LOOKING TO BUY GBPUSD AIMING FOR THE NECKLINE OF THE M FORMATION. ALWAYS TAKE RISK MANAGEMENT INTO CONSIDERATION ON EVERY TRADE.
Okay, so what do we have here? Price is sitting at previous lower high now acting as a support. And this is also a previous resistance area on the time frame which is now turned into support. From this i am anticipating a buy on AUDUSD. Use proper risk management traders! Cheers
Price abruptly skyrocketed up therefore eurgbp is bullish for the long term, This is a retracement idea till the purple area before the market continues with the uptrend.
Looking for further USD weakness
Reward/Risk: 2.38/1
Entry: 14.5041 or at a higher price
Stop: 14.7600
Target: 13.9300
Quantitative Models > Narratives
