Currently GBP is starting fall and could possibly continue falling after noticing a curve pattern and it has repeated again.
On the Day time frame on the fibonacci the 150% has landed on a support area meaning it could hit that area and on the 1H it couldnt go passed the 23% line and has rejected it on the first curve
Good Afternoon traders !
Here is my current idea of what is going to happen for the rest of the week
So currently right now it seems like its creating a double bottom and of course everyone knows what that means !
But ! There is a catch .
Its could possibly form a head and shoulders because on the left side it created a shoulder and now its creating a head and...
Gooooood Morning Traders!
Hopefully everyone is having a great 4th of July morning today
I don't often trade the caddie dollar like I have before when I was inexperienced
If you agree Please leave a like I really appreciate it and encourages me to post more and helps me improve better as a trader.
Thank you ! have an amazing 4th of July everybody!
in the previous yellow circle there has been a rejection,
now its forming another rejection area meaning there is a short opportunity,
Highly would recommend to go long after you capture the short opportunity.
Disclaimer: I am not a professional Trader
I am not responsible for your losses of any sort if you decided to take my idea
Thank you very much & Dont...
Currently we are going short hitting out first target of 1.12642
- It could retest up to around 1.13190 because the previous resistance area (June 17,19 ) around the 1.12485 got rejected and then made a breakout move creating a new high
Why would it hit a retest and drop
1) it will hit the 0.5 Mark on the Fib retracement to retest but then around the...
Wait till reversal after it hits the TP
I am not responsible for your loss
I am not a professional trader
This is what i think that could possibly happen
Still a Beginner Trader