Happypippin
GBPUSD Bearish Scenario with Head and Shoulders M/W PatternThere is a high probability we have created the high of 2018
BTCUSD is Bearish Sentiment right now
ETH is also found around 425
USD FOMC Meetings on Wednesday with a Supercharged New Moon = 2% Interest Rate decision thank you Federal Reserve
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Value defines Supply and SUPPORT (Demand) at particular price points regardless of asset class
Historically over 100 years of Data... commodities have grown in market capitalization
GBP and DXY situation to be reanalyzed if price moves another 400 pips down from where we are at 1.335 right now
Two Trade Ideas
Pending R:R of 5.2 with a 175 pip stop loss and a secondary swing entry!
pound yen long okay so what I see at the moment is
- tested the blue outside lines of the pitchfork and skyrocketed off
- higher high and if the market was going south to me we should have seen it by now the mark down
- correlation with eur pound trade: pound is going up euro is down therefore an assumption would be the pound would be in strength and going up to tp2 is my happy spot for this market
any questions let me know or comments I'm all ears
Kris
www.mymentortv.com
pick your pips 1 -2 -3 easy peezie ten pips easyI expect to TP at 61% (1.0554. A retracement should test structure again and give up more long pips, break 78% to build up momentum to break support @1.0350. If price closes below 1.0350 then it is a SHort. Go for all three legs if you will. Happy pippin!