Set up 1. HH candle 2. above SMA20 Stop loss below SMA20
re-shorting here based on previous behaviour at this Moving Average and downtrend line above (stop above)
Entry: H1 Exit: Fibo Projection 100 = 100% (AB=CD) = Resistant Zone I entry on H1 tf, after that, it shooting like sky rocket. It is lucky trade.
Broke the downtrend line to create higher highs and higher lows. Waiting for retrace to .618 fib level to then go long for over 100 pips.
I expect this to run a little bit more than some pullback to the upside.
chart for details. have a look at lower timeframes to see if there is a double top or nice pinbar to go for a short here.
GU expected to maintain bearish bias on medium to long term, price has been respecting the inflow of supply near minor resistance levels channeling price to major weekly support level below the 1.30000 level. If bulls take charge which is unlikely with current strength of the US economy and woos of trade wars with China, if price finds ground above the previous...
GBPUSD has took a small hit today and I'm projecting the bullish momentum to continue now, with 2 strong daily closes above the 1.3 level, I am seeing clean protection of this level and DXY had a good chance of making new highs on Thursday and failed again, forming a triple bottom. Fundamentally Brexit headlines are emerging each and every day and it looks like...
Hi Yesterday, the Brexit news make the GU falls down. I short after it has LL candle. TP around 61.8% fibo retracement level.
GU short in play. Several Brexit ministers just resigned. PM May's future is in serious trouble, per many in the know. Brexit Blues just might make a come back here soon. So this a scalp to start, looking for the 4.25 extension of initial move down from the news. The 4.25 extension also aligns with previously established Fib Zone (grey). So my first TP will be...
On June 28, gbpusd attempted to attack MPP (S1) 1.30760 and YPP (P) 1.30508 last month and pushed back cleanly. It is currently stopped at MPP (P) 1.32437 this month which was made in July. << notes >> Last month's MPP On the weekly chart, it can not be said whether the up trend of last year is breathing back or aiming at under 1.30000. weekly chart ...
On June 28, gbpusd attempted to attack MPP (S1) 1.30760 and YPP (P) 1.30508 last month and pushed back cleanly. It is currently stopped at MPP (P) 1.32437 this month which was made in July. << notes >> Last month's MPP On the weekly chart, it can not be said whether the up trend of last year is breathing back or aiming at under 1.30000. weekly chart ...
looking at the current waves and line up, we can see clear as day gu has plans and where big players are looking at.
GU is starting to trend up has made HH and HL should be a good buy on the 70 fib retest