GBPUSD Next Long set-up (and downside from here)
We've just seen a Pip Perfect test of the rising support line - the perfect exit point for shorts on this pair.
And stellar trading if you managed to reverse there...the perfect trade with a stop just 5 pips lower.
Right now, Sterling is sticking at 1.3113 - it just needs to get 5 pips higher to trigger a long from...
Dash is trading nicely in A-B-C correction with triangle in B as we mentioned and projected in the last update, so it may decline beneath 300 before turn to the upside. Ideal support is between 275-295 levels and 50%-61,8% Fibo. retracement. Five waves up, broken channel resistance and three-wave correction are reasons for clear pattern, bullish view and also...
USDJPY: USD pushing up against resistance here and a perfect shorting opportunity with a stop close by at 113.02 with a downside target at 101 in two more waves of selling over the Spring
As you can see, our prediction from Sunday played out almost perfectly this week. At this point, buy on dips, at least until we get a potential head and shoulders formation. At that point, whether this reverses or continues upwards will depend on how hawkish the Fed is looking for a rate hike.
Im back it again with the perfect set ups. This is a bearish ABCD. This ABCD has tons of confluence for example it made a double top near my D completion. Which is divergent and ADX confirms this move on the H1 and it happens to complete right by the .75000 MAJOR HALF. My entry is at market the risk reward for this trade is wonderful with more than a 3:1 on my...
Look at the beautiful cross of trendlines - retracement after initial move up has come
and previous trendline down is being tested and acts as support now
Trades don't get much easier than this: SL 1.42 - TP above previous highs - at least 1.437
Enter now
Look what we have here. Maybe it was tough to find it. We still have a valid strong weekly trendline and just top of it we have the perfect gartley pattern with the perfect ratios. Now its the time to think whether you would hit long or would say nah, i will be waiting for a short. I am not listening to anyone, I am going long again. I am 50/50 again. I may win...
