Long term break of 240 support trend-line may
indincate the continue downward movement of this pair
i will be riding this short down till 135. price area if support is broken.
Correlating with the overall sentiment feeling towards the British pound falling surrounding the rise of tension of brexit and the Conservative Lead Narrows may indicate with a continue...
* THIS IS A LONG TERM SWING TRADE*
** WILL ONLY BE ENTERING WHEN PRICE CLOSE BELOW 0.382 AREA ON MY CHART 140.284**
***PRICE TO CLOSE MEANS THE CURRENT CANDLE HAS TO CLOSE BEFORE THE NEXT 4 HOUR CANDLE BELOW ROUGHLY PRICE LEVEL 140.284 BEFORE I ENTER A POSITION FOLLOWING THIS CHART
*** AIMING FOR A SIMILAR SET UP AS MY PREVIOUS GJ TRADE WHEN I WAS ACTIVELY...
Currently No Bias (Waiting For Price Action To Show Me Where The $$ At.
More Info In Charts.
After Re-Constructing My GBP.USD Charts I Have Acknowledge A Few Interesting Area's
Concerning That Long Positions I Previously Posted.
After Being Around Roughly
80pips in profit I Started to identify price dropping back to my buying price.
-- I've Acknowledge...
be careful with shorting the bottom of GBP/USD.. Looking At Gbp/USD There are many signs of a possible reversal in trend.
I've seen to identify possible support structure on GBP/USD Where price has bounce of the support area 3x.
However price is currently testing the 76.4% which it's struggling to close above, however i'm anticipating a 'Possible Break' upwards...
$$USDJPY - FORECAST TECH MAP
After Re-Analysisng My USDJPY Previous Positions, I Have Identified Possible Area's Where Price May Reverse.
On This Chart You Can Identify Price Failing To Close Below 38.2% Not Once But Twice.
The First Time Price Failed To Close Above 38.2% We See Price Re-tracing To The 50% Area Where It Founded More Buyers
Price Then Re-tested...
$$XAUUSD, Just Like Majority Of Dollar Pairs, We Have Seen Dollar Breaking Out, (Bullishly)
From Last, Week,However I've Acknowledge Most Pair Has Shown Signs Of
Slowing Down With The 'Stong Dollar Momentum, As Most Dollars
Are Struggling To Break Out Key Levels Which Will Indicate Future Strength With Dollar, Which I have Identified
With XAU/USD. As You Could...