When trading channels, this is normally a very strong pattern when it appears
Am taking that trade. It's not a risky one...SL is only 25 pips...taking with a small lot...a lot of things are not yet aligned, but I know it's a high probability entry...so am in. Also, the price is being rejected at different types of key levels
TP1 20 pips, TP2 35 pips....our SL...
The general direction for GBPUSD is still leaning towards the bears, but the price is almost at a point of equilibrium, where either the bulls or bears could take over. There are very low volumes in the market, probably due to NFP-- expected tomorrow (Friday). Let's keep an open mind and wait for price tp give us direction
GBPUSD has remained defiant of all market forces to sustain it's a bullish trend. This should complete the current H1 pattern that looks like a head and shoulder pattern.
This is what guided me in taking gold. First, we had an engulfing bar, which was also a break-out bar. That was the perfect entry but I was not online. So I waited for a late entry. The trend line that was also acting as resistance was broken. Then it was retested by several bars...we then got a railroad to show bullish strength and lastly came a breakout bar that...
Price Action indicates that EURUSD might be gearing towards a further downtrend as it seeks to complete the "M" pattern that was started by an uptrend in April 2021. The current price zone is critical and with a strong support zone that needs to be broken before we can see a solid drop in price. The FED meeting scheduled for 21st and the 22nd of September will be...
Price Action indicates that EURUSD might be gearing towards a further downtrend as it seeks to complete the "M" pattern that was started by an uptrend in April 2021. The current price zone is critical and with a strong support zone that needs to be broken before we can see a solid drop in price. The FED meeting scheduled for 21st and the 22nd of September will be...
