A short position I slowly stepping into. I am aware of the possibility of a reverse. The magic T (not drawn on this chart) is telling us cash have been build up and it might go long soon. But I have a feeling there is a bit to be gained here before that happens. This one should be traded carefully. I have a tight 100 pip stop loss and just a minor position in it.
Waiting for rebound from support level. Expecting oil price drop. FTSE going down increases change to GBP to rise
HEAD AND SHOULDERS ! SECOND SHOULDER LOWER THAN THE FIRST ONE AND DOING A RETEST OF THE RESISTANCE ZONE THERE TP WILL BE @1.64700 200 PIPS
if you see any mistake on my charts please let me know and always trade according to your own strategy. Thanks
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