Multi Timeframe Analysis
Trading philosophy: We don’t short at the lowest of the bearish momentum nor do we long at the peak of a bullish impulse. The safest entries are at the end of a retrace on the 38.2%, 50%, 61.8% or 78.6% fibonacci back in the direction of the D1 master trend.
Recommendation:
As the USD strengthens, GBPUSD and several majors will weaken against the dollar
You have one SELL entry points:
1.3980
This is a strong number where institutional high frequency trading algos may enter bulk orders.
As downtrend looks forthcoming, I’m looking at short opportunities.
Take a Short market order position upon the confluence of valid entry rules on the 4H or 1H chart.
Trading philosophy: We don’t short at the lowest of the bearish momentum nor do we long at the peak of a bullish impulse. The safest entries are at the end of a retrace on the 38.2%, 50%, 61.8% or 78.6% fibonacci back in the direction of the D1 master trend.
Recommendation:
As the USD strengthens, GBPUSD and several majors will weaken against the dollar
You have one SELL entry points:
1.3980
This is a strong number where institutional high frequency trading algos may enter bulk orders.
As downtrend looks forthcoming, I’m looking at short opportunities.
Take a Short market order position upon the confluence of valid entry rules on the 4H or 1H chart.