I will wait for a signal on 1H for going short. Target? 1060? Maybe too far fetched, but...
I think the decision on the cable is brewing up, as yesterday the price broke down from kumo.
It is advancing slowly, but it looks like people are joining in slowly. At this moment it is correcting the last move down, as per my understanding. It broke just by very bit the supporting trendline upwards. Now let's see if it continues down. One position closed, another one with a stop in no loss area. If the retracement is deep enough, then I will need to...
It is my vision on a bigger scale, but that more or less would indicate were we are heading in the near future. I think it will go more or less sideways and then down again (the interests rate has been cut this months, right?). You can see the same picture on D TF also. For trading I would go on a daily and lower TF. Please thumbs up if you like it.
I think it is a confirmation that GBP is now bullish, though I still could be wrong. I am entering on a retracement, now it is just too late I guess.
Now here lies my question? Where will it go, up or down. Maybe my trendline is wrong, maybe not...
Opened short positions with stop and reverse just above the top of the price action. The plan is to close them and reenter the long ones at the end of the retracement. Let's see how would it work out.
I think the price structure has changed in H1 and H2 TF. I maybe wrong though. But it looks like a triple bottom on H1 Please thumbs up if you like.
I think it has created an upwards channel. Though it is not the best moment to enter, but...
I think it will be a great opportunity soon to join the fall. But first we need to wait for the signal.
KS and TS are turned down, that means a great momentum and it hast closed below TS. It is a level 4 signal! I am in the trade.
I think it could start the downfall today
If we look at this area in W chart, we see a huge bearish engulfing candle with a big tail on it.. The guys on this, higher and lower TF are selling off. On W TF the guys are seeing it as a pullback and support for their bearish move. I am staying with the crowd and selling off unless proven otherwise. In that case it even could hit lower than 1.392, that would be...
Another possible continuation short when it brakes lows again.
I think there is a good buy stop entry just above the days highs and stop below last days lows.
I think this pair is getting ready for going back down tomorrow.