We have to wait , market will show us the way it wants to move Im drawn to sells more than buys , but should not rush in a trade if trend is going UP ( Remember trend is your friend(ALWAYS)) If break channel upwards, we could see move back to 1.24 If break channel downwards, we can see retracment till 1.20 why ? As i see market broke flat 1.20 with big 4H candle...
Well there is a good chance GBP will shoot more up , but it has to reach fib level atleast 0.38% to be valid So just put alert to 0.38 level and enjoy 2.15 RRR Don't just hop on it , I'm sharing the view I see , you can easily tell me yours aswell
had strong rally upside , made double doji its strong reversal pattern, chance of nice RRR Strong resistance zone would be 1.213
Be carefull while trading , no need to take all trades 1.20000 was round number , and got broken with long candle, so there is chance it will retest it before going more down
We dont have any volume to drop EUR down, but i believe at NY session we will have enough volume to bring it down, as u can see many wicks down just not enough volume
I see if GBP dont hold green line , it should melt till support
Flag playout Just my thoughts , i see market play like this
Wait for handle breakout and enjoy the ride down Not advice, trade safe
This is my thoughts , whats yours ? Not advice guys, trade safe !
As u can see GBPJPY made HnS pattern , broke trendline and made double bottom after broke it ! What do you think of this ?
in 2h chart made shooting star and in 4h chart made hanging man , chance of reversal to support Trade safe
As you can see , pair made same pattern on exactly same levels. It made HnS on 30 min chart , wait for neckline break Trade safe guys !
CHF has been most strongest pair for days, wait till it reaches support( or i could say wait till it reach golden zone in fib ) then you can add your position. Cant see reversal yet Trade with care ! Please share your comments with me , if im wrong please correct me why
Made good wick on upside -shooting star- might get big candle downward
Made HnS , and had big wick on uptrend, good opportunity to go short
Downtrend, made second LH and now dropping to the lowest point in wave :] Trade safe
Look at price , it does this move many times ! Give me your thoughts on this