We have seen Two completed trend changing patterns in this pair. The last bullish move that happened on the 4HRS Chart has resulted in a downtrend; series of LH'S & LL'S. The rally that is currently going on is an opportunity to sell if price stops at the 61.8% retracement area and also fail to break above 124.44.
If we manage to get a sell out of the EURJPY,...
The pound is still bullish and the trend is still up, knowing this fact we want to buy the dips and stand aside when price is at the high.
look for a correction to the key fibonacci levels and buy in to the impulse to the upside.
1.3484 is the key Level we want to see price above before we can become bearish.
Trade with care.
Remember the market will not take...
This week analysis is the continuation of the last week analysis because the pairing in the idexes did not change.
Note: Trading is execution, in order to trade successfully, you must learn to execute your trades flawlessly and do it over and over again.
In this short video, I explained how you can read the price using structural points to determine whether you want to be a buyer or a seller.
S-STR = Short Structure / A sell decision-making point
L-STR = Long Structure / A buy decision-making point
Downtrend: Series of LH & LL
Uptrend: Series of HL & HH
This is the weekly analysis of the Major Index Pairing. We pair the currencies based on their individual strength and weaknesses.
@DXY: Dollar Currency Index
PHASE: TREND CYCLE B
WAVE: WAVE 2 COMPLETED
@EXY: Euro Currency Index
The PoundDollar is resuming its uptrend after a correction.
The price has behaved as expected stopping at the 50% retracement.
15 Mins Price Behaviour: Consolidation and Breakout at 50% retracement level.
We have seen the first impulse and a pause. This pause is an opportunity to Buy into the uptrend.
Stop Loss is still recommended to be the Low of Yesterday. We...
Market Phase: The current situation in the cable is still Up-Trend
Last Action: The last significant move in the gbpusd is a Higher High created above the previous Higher high .
The truth about the trending market:
- A trend will continue in the same direction for as long as possible
- A trend will not change easily
- A move in the opposite direction of the...
The Momentum to the downside that happened last week is still in play on the 4HRS. The price has discounted nicely and this becomes a low-risk trade.
We will be wrong above 105.80 and a break below 106.60 is the confirmation of downtrend.
PROBABILISTIC PRINCIPLE | SERIES OF TRADES BELIEF SYSTEM
1.There is no...
GBPUSD is printing a failure setup at the previous 1HR Structural Point This makes our trade easy. Buy Above the structure, Sell below the structure. This now left us with the simple task of defining a trend. Up or Down from a lower timeframe.
Sell is the High probability trade!