freddyM-E

freddyM-E

uk.tradingview.com I have entered short today on the EURUSD ( I know not the best idea to enter a positin on a Friday but I'm still learning and I'm testing my aggressiveness ) Technical analysis: On the weekly: The market has respected the major structure level now resistance, and the sellers aggressively took over. RSI: Overbought (as per my strategy...

freddyM-E Updated 

uk.tradingview.com Hey guys, thanks for checking out my idea, hope it helps. Why do I think Trend continuation? Let's start with the first Double Bottom (DB), it retraces at the 618 and shoots up to a new structure high, I believe that this pair is on a retracement after hitting the strong structure resistance from 2011 and also as extra confirmation the...

freddyM-E Updated 

Possible trend continuation on the weekly for the GBPUSD, price action shows a break of a downtrend line (from 2016) and close above to create a new structure high, after 3 weeks of retracement, price action reached an area of possible reversal, the fibs retracement 618 has been crossed by last week candle and buyers took over at previous structure which is now...

freddyM-E

I entered short here, as I think the market has formed a double top it's an aggressive entry for some as many would wait for a break of the neck (base) line, but looking left I can see that the market has respected this level many times in past price actions. We also have a strong RSI divergence. ALso if the market wat to drop to the 0.96961 we'd have a BAT...

freddyM-E

Hi guys this is the first idea I'm sharing here, it seem like this could be a trend continuation, the pound could retrace to the 0.382 fib retracement and bounce back to a new Higher High (mind the news though) at the Fib Extension 1.272 let me know what you think any advise is welcome. Cheers. Happy trading.