EURGBP S
A L O H A
Hey every one, staying patient to start the week, haven't place a trade for a week now as am waiting for clearer set ups as we are in an overall corrective market IMHO.
There are a few pairs I have on watch but am currently only looking at EURGB S.
Weekly - Been in a bearish trend since the second week of august. Strong bear market.
D - Major impulse down with many corrective patterns down to .84877 but honestly doubt I'll personally be holding it down all the way if we do get a sell indication. Daily in a descending channel with at least two touches in the channel.
4hr/1hr - Both extremely corrective atm. potential for a triple touch on this trend line as price does not have to go all the way up to the outer trend line as Mark likes to say, it can reverse any time, the market is imperfect.
staying vigilantly patient with sell alerts if it breaks down below the ascending trend line.
alert at .89200 just to see where price is
I'm keeping in mind that price can go earlier than expected as well. Comfortable with waiting for a impulse break and enter on the first correction.
Wish you a profitable week in the charts and in life traders!
Mahalo for reading!
Hey every one, staying patient to start the week, haven't place a trade for a week now as am waiting for clearer set ups as we are in an overall corrective market IMHO.
There are a few pairs I have on watch but am currently only looking at EURGB S.
Weekly - Been in a bearish trend since the second week of august. Strong bear market.
D - Major impulse down with many corrective patterns down to .84877 but honestly doubt I'll personally be holding it down all the way if we do get a sell indication. Daily in a descending channel with at least two touches in the channel.
4hr/1hr - Both extremely corrective atm. potential for a triple touch on this trend line as price does not have to go all the way up to the outer trend line as Mark likes to say, it can reverse any time, the market is imperfect.
staying vigilantly patient with sell alerts if it breaks down below the ascending trend line.
alert at .89200 just to see where price is
I'm keeping in mind that price can go earlier than expected as well. Comfortable with waiting for a impulse break and enter on the first correction.
Wish you a profitable week in the charts and in life traders!
Mahalo for reading!
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