GBPUSD trend is still very bullish. I am looking a small correction wave. 1.31940 - 1.32010 is a strong resistance zone. Sell Limit 1.31940, sl above previous high 1.3256. R/R ratio 1:1, 1:2.
Looks like the price doesn't want to go down. Consolidation condition plan. Price action. But limit order 1,2800 sl 50 pips R/R ratio 1:1 and 1:2. Enjoy!
After massive green daily candle and double bottom, I am looking short-medium term buy opportunity. Simple price action, nothing more. Buy limit 1.13468 sl below 1.129898. R/R ratio 1:1 and 1:2.
Switched up my trading style to accommodate the current market conditions. Technically we are in a "no trade zone", so all trading should be executed with extreme caution and risk management. If yo aren't confident, i would just stay out of the market. I've been short ETH lately and have been using rays off previous lows as well as channels to execute 1-3% margin...
Now we got the opportunity to see BITFINEX:BTCUSD breakout till 13.500 maybe more. We can increase the position (on #bitcoin) now and at the last fibo ray 7.500 expecting this #breakout. The main risk is to fall deeper till 5.000: I see very low volumes at this range and sometime it happens that the price is attracted by this low volume ranges. So it's important...
