KatlegoKing

KatlegoKing

Hit top of range also supply zone

KatlegoKing

..

KatlegoKing Updated 

ESKETIT

KatlegoKing

Flag, supply zone

KatlegoKing

Supply zone plus double top of some sort

KatlegoKing

A flag formation, a retrace off the supply zone, bearish divergence on the stochastic, a consolidation on the ADX and a strong support/resistance line! So wait for the break of the support/ resistance line and for ADX to rise above 20 with the red line also moving up showing a bearsh trend, then tp at 0.70312!

KatlegoKing

GBPUSD seems to be headed down

KatlegoKing

I'm looking to sell but I'm caught in a dilemma, price is closing in on an all time low, will it finally retrace or will it continue it's move down?

KatlegoKing

check correlated pairs, alot if not all have reached supply and demand zone depending on whether their positively or negatively correlated! In the 1 day you could call it a flag!

KatlegoKing

enter now, tp at 1.618.. Confirmation from supply zone above

KatlegoKing

Wait for the break of the flag to the downside then ad those shorts, if it breaks the flag on the upside; CHILL!

KatlegoKing Updated 

Wait for the break to the downside, it should happen within the first couple of hours of the market opening!

KatlegoKing Updated 

As we can see price has already passed that 0.886 level so price may fall but shouldn't fall to far below the 0.618 level and retrace to that 1.618 level. If price falls to far below 0.618 then I won't be entering. Despite the evidence of a double bottom there is bearish evidence because as you can see price has failed to break that supply zone I drew in red, this...

KatlegoKing Updated 

Price has already broken the flag so enter!

KatlegoKing Updated 

I had to adjust the channel a little to account for the recent moves, but non the less it still looks good enough to eat lets just not get too excited and wait for the break below.

KatlegoKing Updated 

Wait for the break of the bottom trendline!

KatlegoKing

Sell at the break of the flag!

KatlegoKing Updated 

Ladies and gentlemen this is the my third attempt at getting a sell haha but unlike the other 2, I waited for price to get close to the neckline so that there is a higher probability! Have fun guys!