THE FALL OF THE POUND... ARE YOU ON THE RIGHT SIDE?
Updated
THIS IS A CONTINUATION OF THE SETUPS STARTED THIS WEEK..... CAN'T TYPE LONG AS MARKETS ARE MOVING....
WHATS TO KNOW....
-BULLS WHO HELD TOO LONG ARE TRAPPED WITH THAT BIG CURRENT WICK ON THE 4HR
- IM LOOKING FOR A CLOSE BELOW THE CRITICAL AREA... (MIGHT USE THE HOURLY FOR ENTRY BECAUSE OF THE SPEED OF MARKET)
- BUT ANY TRADES FROM HERE DOWN WITH STOPS ABOUT THE HIGHS AIMING AT THE LOWS 1.19 COULD BE MORE ILL KEEP UPDATING ...
GOOD CONFIRMATIONS
-STOCH DIVERGENCE AND COMING OFF THE TOP
- MACD CROSS
OBSTACLES
-21 EMA (RED) WHERE BULLS MAY TRY AND JUMP BACK IN....
I HOPE THEY DO PROVIDE ANOTHER ENTRY AND RETRACE
-WILD NEWS
IF YOU ARE STILL A BULL.... THANK YOU FOR YOUR HELP
WE COULDN'T HAVE TRAPPED WITHOUT YOU....
HAPPY HUNTIN' HAPPY TRAPPIN'
BOOBII
WHATS TO KNOW....
-BULLS WHO HELD TOO LONG ARE TRAPPED WITH THAT BIG CURRENT WICK ON THE 4HR
- IM LOOKING FOR A CLOSE BELOW THE CRITICAL AREA... (MIGHT USE THE HOURLY FOR ENTRY BECAUSE OF THE SPEED OF MARKET)
- BUT ANY TRADES FROM HERE DOWN WITH STOPS ABOUT THE HIGHS AIMING AT THE LOWS 1.19 COULD BE MORE ILL KEEP UPDATING ...
GOOD CONFIRMATIONS
-STOCH DIVERGENCE AND COMING OFF THE TOP
- MACD CROSS
OBSTACLES
-21 EMA (RED) WHERE BULLS MAY TRY AND JUMP BACK IN....
I HOPE THEY DO PROVIDE ANOTHER ENTRY AND RETRACE
-WILD NEWS
IF YOU ARE STILL A BULL.... THANK YOU FOR YOUR HELP
WE COULDN'T HAVE TRAPPED WITHOUT YOU....
HAPPY HUNTIN' HAPPY TRAPPIN'
BOOBII
Note
Lots of positive economic data came out of the pound... will continue watching but we need to make Lower lows or the 1.2460 area is a lot closer than we think!!
Note
All trades set to break even... manage risk.. stay alive to hunt another day...
Related publications
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.