Trade opportunities here on the GBPUSD/Cable
Hi guys we got many opportunities here on the Cable. Sorry if I just posted now. As of now im into a project by which i am conducting a program for my future students. Take note that i am still active here.
Okay what will happen? A BO above the TL will place myself for a LONG position or i could just abstain from it. Targets would be the previous high to a pattern bear completion another opportunity for us to go SHORT (depending on future price action and market sentiment).
Targets would be on the usual targets of 38.20% and 61.80% of the whole pattern structure from the A point to the D completion with extension to our extended targets down to a potential bullish setup for us to go LONG once again.
Take note also of the red lines as we have "ifs" for every pattern setup. Candle/Price breaking the red line will invalidate ones pattern.
For stops of the BO. Previous H/L or good 1:1 RR for atleast target on the TP 1.
For stops of the Pattern completion. Must be above/lower the structure's X point.
Okay what will happen? A BO above the TL will place myself for a LONG position or i could just abstain from it. Targets would be the previous high to a pattern bear completion another opportunity for us to go SHORT (depending on future price action and market sentiment).
Targets would be on the usual targets of 38.20% and 61.80% of the whole pattern structure from the A point to the D completion with extension to our extended targets down to a potential bullish setup for us to go LONG once again.
Take note also of the red lines as we have "ifs" for every pattern setup. Candle/Price breaking the red line will invalidate ones pattern.
For stops of the BO. Previous H/L or good 1:1 RR for atleast target on the TP 1.
For stops of the Pattern completion. Must be above/lower the structure's X point.
Ordre annulé:
as market didnt give us good candle close on the pattern completion. If you went aggressive short. SL would be hit already.
