Hello , its been 4 months since pound was dropping reaching 2 level of drop , for now im expecting another and last level of drop since its 31/OCT/2020 to make the cycle complet.
you can sell on H4 order block.
the head and shoulders neck line broke powerfully and the price come back to that trend line and test it but I think will come back to the down trend and will be very powerful trend. if pay attention to the head and shoulders pattern in technical analysis and other charts, its common that price come back to the broke neckline and again go to the past trend and we...
Fundamental side of the idea :
The AUD by contrast is currently pressured alongside falling Iron prices. If these prices keep falling then AUD will face weakness. The Australian economy exports large amounts of Iron ore, so its price impacts the AUD.
On The Other side we are seeing Inflation climbing faster , and Metals are making new High , and that should...
I missed a short on GJ yesterday. Today I entered on the 2nd continuation short currently running 4%. I will manage this accordingly once London session opens. Follow us for more trade set ups ad forecasts.
GU Sell! PA Hit my price of interest and ticked all my boxes for my high probability trade set up to execute the trade. Partials are taken and i will let the rest play out! IM in Au short too! same set up .
EURGBP looks like its about to pop up according to my strategy. The next few candles should show potential to move upwards. I placed my target and stops to just above a 1:1 risk to reward ratio, when price is near my take profit, I will remove the take profit and place a trailing stop to maximize profits.
GBPNZD looks like its about to reverse into a downwards trend. It tested the moving averages with a nice potential rejection heading south. A reasonable risk to reward ratio was placed taking into consideration that there is room for a third retest.