Multi Timeframe Analysis
Trading philosophy: We don’t short at the lowest of the bearish momentum nor do we long at the peak of a bullish impulse. The safest entries are at the end of a retrace on the 38.2%, 50%, 61.8% or 78.6% fibonacci back in the direction of the D1 master trend.
Recommendation:
As the USD strengthens, GBPUSD and several majors will weaken against the dollar
You have one SELL entry points:
1.3980
This is a strong number where institutional high frequency trading algos may enter bulk orders.
As downtrend looks forthcoming, I’m looking at short opportunities.
Take a Short market order position upon the confluence of valid entry rules on the 4H or 1H chart.
Trading philosophy: We don’t short at the lowest of the bearish momentum nor do we long at the peak of a bullish impulse. The safest entries are at the end of a retrace on the 38.2%, 50%, 61.8% or 78.6% fibonacci back in the direction of the D1 master trend.
Recommendation:
As the USD strengthens, GBPUSD and several majors will weaken against the dollar
You have one SELL entry points:
1.3980
This is a strong number where institutional high frequency trading algos may enter bulk orders.
As downtrend looks forthcoming, I’m looking at short opportunities.
Take a Short market order position upon the confluence of valid entry rules on the 4H or 1H chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.