WHata setup here but it does look good if we break out the channel in 4hr , lets be patient as we might also break downward . the only thing is if i look left i see no trend lol undecided with a food setup
Over the past couple of days we've had some mixed feelings about eurgbp but so far i think shes giving as much signals as possible , if indeed we are to break out , the day is today (I have to admit it though , that uptrend force is scary to think about while short at this pair , but oh dear trading wisely is the key.
USDCAD HAS GOT TO BE KIDDING ME , AFTER THE WAIT FOR THAT PREVIOUS BREAKOUT , NOW SHE GOES BACK TO THE CHANNEL ..... WELL OH WELL , HERE WE WAIT AGAIN ,
MAKE WISE DECISIONS
From my analysis it seems like EURGBP tried to break out the triangle just to be pushed back down , from this scenario i see alot of fear in the bullish traders , giving a chance for the bears to gain more confidence , as a result i expect the market to drop until we gain the bulls regain power .
But DONT be deceived , look left and see where the market is from...
But if its wrong , ill catch you next time , Again am not even tclose to thinking of long untill that whole slope changes and faces up , for now THIS IS WHAT IT IS SHORT MINDSET
I have really mixed feeling about this , but anyway , id rather follow that previous slope than go against it , so far i refrain from buying although daily suggest an uptrend . IN the mean time i will wait , but leaning towards short if the opportunities strike .
