The vote for UK to leave/stay in EU is approaching soon on 6/23. We can expect a fierce reaction on the GBPUSD pair. In case the price moves too fast to catch any chance to get profit, we need to make a detailed plan for it. We need to keep calm anytime.
The black and red line are the support/resistance level, same for the yellow zone. The arrows already tell you what you can potentially do when the price comes to these levels, of course, you need to have basic analysis skills to understand the price action at that moment.
The most interesting level is the yellow zone. That should be a perfect short area.
If I find new pattern comes up in next few weeks, I will update also.
The black and red line are the support/resistance level, same for the yellow zone. The arrows already tell you what you can potentially do when the price comes to these levels, of course, you need to have basic analysis skills to understand the price action at that moment.
The most interesting level is the yellow zone. That should be a perfect short area.
If I find new pattern comes up in next few weeks, I will update also.
Note
Now is 1.44078, almost break down below 1.43999.Wait for today's candle to close then decide to long or short.
Note
Check my the other GBPUSD idea, We longed from 1.438, today highest is 1.465, around 270 pips earned.
Note
See if it will pull back to 1.4535 to get good support. Those missed my previous long, can long from there if has good support.Note
GBPUSD still within 1.44 and 1.453 which are the two black lines. U can consider to move SL to entry. Take or not take partial profit depends on you.Note
come to retest 1.44Note
rest of positions were hit SL on entry level. trade close. i will come up with a new ideaNote
no pullback ,just crazily drop around 300 pips.Note
The yellow zone really works guys.
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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.