I will be buying above the top orange line. it could make another low before going up.
if bottom line gets broken short possible. imho price is unsure now, could go both ways although it looks bearish to me..
after break enter long or wait for a retest which may or may not happen.
usoil strong tl waiting for retest 1h chart to short long term.
If the day closes like this we may be buying the pair tomorrow targeting the red line where we will flip our trade..
Now i look lower tf for buy setups to get into a long term trade.
possible cup and handle pattern. if confluence hit i buy towards my bearish setup.
The bear flag is complete, there are a few entries. one is the red line which is price action. look how price reacts, if close below, sell. the other one is at retest of bottom orange line. look for confluence there.
purely on price action. its a strong resistance area so can risk a bit for a higher reward.
different brokers have different points A so can't pinpoint D. will wait till after the fact to buy. its the daily chart, lots of time.
a gartley completed at the orange line. will buy from the red line towards the other red line.
Look at my other idea about gbpaud. Both good ideas, will have to wait to see how price develops.
the fakeout doesn't count. when it happens look for confluence, pivot points or fibs or support/resistance or price action. if not sure, just wait a candle.
I am bullish gbpcad because we are in a congestion area. Lower tf we made a higher high. We could retrace to the 61.8 fib where i could short it long term. The TL might not be retested at all.
We should look for a short position because the orange line is broken and tested. The red line may be a good place to short. Will look for more confluence lower tf.
nice bullish move on Friday. but news wears out quickly.