If this micro-bull trend should continue, then last week's drop should be a signal to lift pound off from here. ( I mean good buying Friday's close, Aggressively so). Heavy drop but doesn't matter if trend is really up
The conservative would wait for the 3DVR for last week's RE_bear. So that, if we fail to reach 1.2698, three weeks from now, then buy w/ stop @...
If an ABC correction fails to continue the prevailing trend, it becomes a trend reversal, and a new trend in the opposite direction begins___ @moorekapital
Im shorting a good BO bar south box. Initial stop is about 80pips but shall be updated upon trigger. Targeting bout 200pips
Genesis of a trend.
Awesome explosive breakout!
Buy that (black) inverted hammer-looking.
Buy midway of breakout bar.
Buy retest of Box high
Buy on future dips.
Use 17.54205 for stop and establish a long term position. (Don't come out of that anytime soon) Book future add-ons to pay bills.
A double top failed, now I anticipate a possible Higher High following Box BO North.
Point 3 Failure @ 91.51
Solid breakdown and close below box could mean further shorts
Alternatively, break up and acceptance beyond the Critical Major Lower High could launch the uptrend.
I have a bid sitting at some few pips below today's ATR Low of Day
Buying via Blind Bat setup in PBZ.
Would come in at market at the sight of an RE_bear found in the PBZ (Fake bear strength, I mean). And that implies that the current order would be cancelled.
stops and target on...
Trend obviously cleanly up on the daily.
We're seeing quite a total pullback to critical major higher low, and I'll pitch my bid there or watch for possible lower prices rejection in that zone.
Weekly RE_bear has 3DVR price @ 1265.29. Failure in 3 weeks, this week inclusive would see me buying with quite a tight stop