Look for PA within the trend continuation pattern to sell.
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Price has been showing nice PA on lower TF.... If you are not in the sell yet, I suggest you to wait for the UK election results to be safe and upon seeing a strong breakout on lower TF like M5 then join the fall. Because trading before the news is just risky.
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Price moved down nicely after the election. Good luck if you guys are in this trade. If not in yet then wait and look for trend continuation pattern and join.
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Hi everyone. GBPUSD has been great so far. Here is the update:
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Hi everyone. I hope you are enjoying your cable trade so far....
As we were anticipating price formed a flat channel on H4 TF and a reversal channel on H1 TF for breakout to downside. Price dropped very nicely from where we were looking to sell.
Now watch the bottom if price wants to make one more up move and PA is strong then watch for breakout to downside.
As we were anticipating price formed a flat channel on H4 TF and a reversal channel on H1 TF for breakout to downside. Price dropped very nicely from where we were looking to sell.
Now watch the bottom if price wants to make one more up move and PA is strong then watch for breakout to downside.
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As we were anticipating, price reversed from the bottom for one more move to upside.
Now watch the price at the top again for sell.
Now watch the price at the top again for sell.