There are many traders out there who are anxious about going against the Trend, bcos they are unsure whether that works. Well, Today I got one scenario in GBPUSD where going against the trend can be profitable , only if market reverses in our marked Potential Reversal Zone. See how markets moved in Harmonic move thrice and yes, there is an ABCD pattern which I...
Market is trading below a significant resistant since sept 2015 plus there is several possible patterns. In the red is a good area to go short. This market prediction is just my opinions. If you agree hit like button, or you can share your view.
NZDUSD had a good run up recently. But since then we have Double Topped and broken and closed below 2 support levels now. I've sold this rally and entered on a reversal pattern via candlesticks. Stops - 1 ATR Above the Reversal Zone (Yellow Box) Target #1 - Retest of Lows Target #2 - 1.27% Fib Ext
With the new volume data coming new calculations made! Here it goes.The reversal points i wrote should work fine! There was another target under 1,0590 (which is 1,0480) again now i don't think it would go under 1,0590 (for now) but if, then buy more :)