Clear Support and resistance Pattern Within Pattern ''Double Top Forming'' after ascending channel break of structure Daily Structure Reversal. h1/h4- Double Top-for entry
-Ascending Channel -Pattern Within Channel -Double Top forming
-Down Trend -H4 high value area located -POI-Point of interest -Pattern within pattern -Ascending channel -Double Top Pattern Forming
3 TOUCHES , aSCENDING CHANNEL . Double Top Pattern . Forecasted way before. Target is at 5% 1.66754
BREAK OF OUR DIAGNAL HORIZONTAL TREND LINE AND A CLEAR RETEST, CONFIRMING OUR BEARISH DIRECTIONAL BIAS.
SELL POSITION ON THE RETRACEMENT OF THE BEARISH TREND THAT WAS ESTABLISHED LAST WEEK.
This is my projected bullish move +138 Pip Move to my Yellow DAILY Resistance Line.
THE DOLLAR CONTINUES TO SHOW WEAKNESS SO WE EXPECT ALL USD PAIRS TO BE TAKEN OVER BY THE BEARS.
AFTER WEEKS OF CONSOLIDATION , WE WERE STILL CONFIDENT ENOUGH IN THE MAIN TRUE DIRECTIONAL BIAS/ TREND WHICH IS BEARISH. I actually entered way early on this one with proper RR
GBPUSD HAS BEEN BULLLISH LONG TERM , Weekly diagnal T Line Broken to the upside.
DETAILS OF THE DIRECTIONAL BIAS ARE ON THE CHART. INTRA DAY TRADE SET UP.
USD CURRENCY IS SHOWING WEAKNESS OVERALL,LOOK TO SHORT ONLY!!!
We are currently Resetting on EG , We are at Level 3 Peak Formation High. A clear Rail Road Tracks Candle Stick pattern was presented by the dealer and i took a long position after the mini reversal during NY Session. TP.1. 30 PIPS TP2.50 PIPS SL. 10 PIPS