Educational Elliot Wave Count We can see a market respect about of the wave 1 to wave 4, is it possible see a new bull impulse Invalidation level could situate on level 78.6% of the fibonacci extension because there is situated the wave 1, another alternative stop loss can be in 23.07827 I speculate, following the Elliot Wave Principle, that the Wave 5 can go...
If there is no deal reached by 31 October I forecast that the sterling will continue to drop.
gbpmxn, price making higher high on daily bars, a lot of demand showing there, high probability for gbpmxn bullish reversal
Based on Seasonality Trends GBP should be in Uptrend in July/Aug. Waiting on test of 25.21 prior to long positions Additionally waiting on bullish candle on weekly.
Welcome to everyone! Gbpmxn just touched monthly demand. Though price is just droping down but it shows us small retracement to be bullish. Happy Trading.
Waiting on 4HR candle to test support and close above + Bullish pattern on 15min TF prior to entry.
Looking for GBP longs with low risk entry (retest support)
GBP is currently in a high value buy zone. Potential to retest blue circle area for more long positions
Target set at the rising Trend line(Point of Resistance)
inverted head and shoulder spotted on gbpmxn, looking to go long on this very one if it breaks the present resitance
GBPMXN is an exotic pair that is very high risk - but also very rewarding if you find the right entry point and are prepared to lose big time. Losing? Big time? Ooops - nobody want so hear about that! Right? LOL. I was taken out for a major loss a couple months ago, as I did not appreciate how violent this pair is. But.. but I've learned a lot in the last two...