The Price Move en A corrective Wave of down trend we are waiting the break of trend to Go short with TP's and SL as shwoning Clrearly
According to The previous Weekly analyse and Price action + Break Downtrendline
Price Re-teste the Broken Down trendline TP and SL are Clearly Showing
According to Pullback from the higher line of Pattern and Targeting Fibo 50% Stop loss @ 110.280
According to previous Analyse Breaking Trendline en 1h Timeframe The end of Re test
Globaly the GBP was show some waekness vs all the Pairs The only condition is the price move below 143.700 with a confirmation with a break uptrendline so ext target is the Fibo 50% @ 136.600
According to S and R Level Mixed with Price Action
A Greatfull Breakout dwontrend , Price Re Test A trend Broken TP Are Showing Clearly
4h time frame Price Action Enter after correction SL : any closing 4h Candle below 1.45500
According to Fibo Retracement mixed with Price Action and Pullback from the downtrend line PS: The Price can hit more level below 1.30000
According To Fibo Retracement and Resistance Level Arround (1.73200-1.73700) The Price Move Near Downtrend line
The Price move above 121.000-120800 Area (Support) According to the Last Big up Move from 119.900 to 122.800 is a principal Wave and the dwon move from 122.800 to 121.080 is a corrective wave Any Closing below 120.800 it cancel this scénario
in a high Time frame Daily or Weekly , When a Price make a pullback from a Major Level, you should wait a re test for a second times on law time frame if you see that trend on chart is up and on indicator is down that's mean a divergence you should place your First TP on the first Support on law time frame.and finaly you need to place your Stop Loss above 20...
According To Double Bottom and using Wedge Strategy This Scenario is Still Valid with the Only and unique condition (any Weekly Closing below 1.09600)
The General Trend is Dwon , So all the privious Up move is just a Corrective Wave , So This Pair move into a Channel , and his Up line as a Mobile Resistance Already Testing Five Times by the price. Aslo We Can see that Divergence is Clearly showing in RSI Indicator and by Last three Highs According to Fibo Retracement , We say that is the End of Retracement. I...