Hi, as you can see GBPUSD is making correction for the next down impulse. Please don't jump in sell now. Wait for flag and then take that breakout. If you miss the flag or you think it will fast drop you can put EO (entry order) under the low of that correction. You have to be careful with that sell. But in the other hand, this trade could be amazing! The bigger ...
I cancelled the last Sell idea about USDCHF because it was in dangerous Area and can break out the down Trend Line and It's Broke it already ,
Now I'm Looking For Sell From This Strong Resist , It can Start go down from Here because all indicators is OVERBUY already , but the best SELL Position is From The Top with Small Stop Loss ..
Keep in eyes This Resist ...
on GBPUSD we see now a perfect rising wedge on the 4h chart with the top on the resistance
at the sell zone. This give us a great trade idea to go short with a small risk.
On the higher timedrame like daily and weekly we are in a bearish markek!
So if the price will break out to the downside of the rising wedge it will give us a confirmation to go ...
My theory which I'll set out to prove valuable or inconclusive: First sign of a cross over of PVI/NVI from positive to negative or vice versa to the tune of 5 units or greater gives a strong buy/sell signal. Currently testing hour chart but will update other time frames as I go.
We are on a strong zone!
GOLD wraps up the year jsut above $1,280!
This zone was used as a support & resistance in the past.
As you can see i have applied a triangle pattern to the chart it fits perfectly for a sell opp for me.
I hope anyone whos reading the chart can benift from this trade among the other i share.
Last trade placed for 2018!
GBPCAD is ranging and struggeling since weeks and now at upper line of the range.
This give us a good opportunity to go short with a good riskmanagement for this trade.
Let see how it palys out.
Have a good trading week.