Short Rise Before Fall Continuation? weve broken through the previous DEMAND zone im thinking a new minor support has been formed for a small potential rise to end the week before another fall
im seeing a few long signals
but we could head further down
RISK management is KEY here on any LONG position as we can still see some bullish movement further down to another support
im saying long until further notice
Inspiration
Short Rise Before Fall Continuation? weve broken through the previous DEMAND zone im thinking a new minor support has been formed for a small potential rise to end the week before another fall
im seeing a few long signals
but we could head further down
RISK management is KEY here on any LONG position as we can still see some bullish movement further down to another support
im saying long until further notice
FALL TO BOTTOM OF CHANNEL?im anticipating a fall to the bottom of this channel you see on my chart
as the INITIAL PROFIT LEVEL # 1 i highlighted days ago has been hit
we can STIL SEE A RISE to the other 2 PROFIT LEVELS to finish everything off
but im going with a fall to the bottom of the channel
stop losses set above the initial high and pending orders with take profits set at the other 2 take profits at the top
i have HIGHLIGHTED 3 POTENTIAL areas where i think the markets for this pair might decide to head to before any other potential rises or falls
UPREND CONTINUATION BEFORE DOWN SIDE BREAK ????????im anticipating a RISE to 143.133 LEVELS before a MAJOR FALL as this is around the resistance level im seeing from my PHONE PLATFORM as im trading from multiple platforms and accounts
we can see STRONG VOLUME ACCUMULATION and support being formed on the 1 hour and 4 hour chart
im calling long until further notice
PLEASE USE STOP LOSSES and take profit where ever applicable
POTENTIAL UPTREND CONTINUATION BREAK ? ?? ? ? my analysis is showing NO SIGNALS for a downtrend im anticipating a RISE before a
4 level fall down to a major support and potentially lower
keep in MIND that the weekly CHART is still in a very strong uptrend with NO confluence CANDLES indicating any down trend what so ever
look for 3-5 signals before entering any long positions
set stop losses and STAY SAFE TRADING
LETS PROFIT
bounce on support to rise again? as the weekly chart is still in an uptrend things are kind of looky tricky for this pair
especially before DONALD trump takes office friday
im thinking a stab below to a support level or to the previous channel that was broken
careful of HIGH IMPACT news RELEASE AT 430AM on the GBP
we wil see how things go