Not quite sure about this trade as it did not break above and sit firm on 1.25858
But nonetheless it's a Dominant Break on H4 and a not so convincing QM entry for buys.
Would be extra cautious on this one as the previous GBPUSD QM Trade hit stop without forming a Bullish candle. One of the reason it did not work probably it's also because it failed to sit and...
On H4 It's Forming QM Pattern for Buy as stated in the chart. TP for this QM Buy would be around Day chart Dominant Break's Fibo 1.618 Which happens to be around Day Chart Sell QM Area as stated in the chart as well.
Expect GBPAUD to go Bullish in the coming days should this Daily QM Buy works.
We might see for the coming days or weeks, prices rally up all the way to 1.817
Would like to find other chances and setup to Buy this pair, should we miss this QM buy entry.
Would love to see the Gold closes at 1910.6 for today.
And it would form a firm firm Dominant Break Pattern in Daily Chart.
Should price pulls back to QM entry, we will take a Buy somewhere around the box. And Stop loss would depends on price action of that moment. Don't want our SL below the wick of the 4 hour candle, the stop would be a little to big to...
Anticipating price breaks left shoulder first and go down to the lower support to make a pullback for QM Entry .
The best case scenario would be after Daily Chart closes with a Dominant Break pattern and make a pull back for Entry Sell.
