In this VIDEO I recorded 2 trading scenarios which I will use on British Pound
GBP/USD open Sell near 1.2650 - 1.2660 Reasons: - Daily trend is down - key level - Price made a fake broke of it Also, as I promised once before After 100 like I will write, when is the best to open a position with (Stop loss and Take profit points) S/L: 1.2680 T/P: 1.2525 T/P: 1.2485
In this Video I recorder my Trading plan for next days. The main recommendations open Sell after a pullback.
I will open Sell near 1.2662 because: - The price broke down the 1-month accumulation - Daily trend is bearish - Near 1.2662 the best risk/reward ratio After 100 like, I will write, when is the best to open a position with (Stop loss and Take profit points) (if the price hit by all criteria.)
be careful of gu as wave wise, it can be consider done for an ending diagonal if it does not extend further waves will not be surprise if it mount a strong reversal
I showed in this video that the price near a powerful level, also there is a big accumulation of volume. Use that 2 scenarios which I showed in this video.
Anything can happen but I favor a bigger corrective move up first before going lower to complete the entire moves A long way to go time wise, go luck.
I hold Sell position on GBP/USD because the price broke down Upward line. About it, I recorded a whole idea. I think the price can move down to 3,5 months low 1.2662 because there is a lot of pressure on the British pound because of Brexit. Near 1.2662 will be the best place to open buy with potential profit in 5–10 times bigger than risk. After 100 like, I...
I will open Sell if GBP/USD will break down the upward line, because: - Daily trend Swill bearish - There will be low risk - Long-Term buy we can open near 3 months low only
Open Sell Near 1.2800 - Powerful daily level - Daily trend is bearish - Low risk - Potential move to 3 months low 1.2621 after 75 like, I will write, when is the best to open a position with (Stop loss and Take profit points)
Open Sell near 1.2800 Daily trend - Sell Price broke down the upward line.
I will open sell if the price will beak down 1.2791 and H1 will close under it.
This is my analysis on GU for the short term. I like the H1 & H4 as it gives a short term view into how this pair will respond. Overall, the trend is still down on H4 timeframe while the D1 continues to chop sideways as many traders are at a crossroads to know what to do. However, this may or may not be an accumulation period for bigger buyers. Feel free to...
Trading plan for next week I look to open Sell entry because of GBP/USD is under Brexit presser. Also, the price on daily chart closed under key levels 1.2839 and 1.2829. H4 picture, we see that price made a fake broke of level from which it bounced several times. I will open sell on next week near 1.2829 S/L will be at 1.2859 Goals are 1.2710 and 1.2680 Price...
A decline in 3 wave fashion implied big uptrend ahead. A break of 1.28500 is early sign of my bullish outlook which open door to further upside. Near term target aroudn 1.3000
GU wicks have been crazy, but we cannot ignore the fact that it has failed to close the 4 hour candles above key daily level, that keeps my interest peaked for a short, now that brexit hype is over and DXY is hovering around support. Targets are clearly marked, entry for a short at key daily level marked in red and stop loss is flexible for me. I would like to...
GU has been on the uprise but is now on it's way down due to news regarding no outcome on the Brexit deal, so for this reason I believe it's still a strong sell