TL BEEN RESPECTED HERE -WE COULD SEE A BOUNCE HERE -I FAVOUR THE SHORT GBPUSD -MAS STILL DOWN -WE BROKE MONTHLY KEY LEVEL 1.5000 -I THINK WE ARE GOING LOWER -THIS RED CIRLCE WOULD ALSO COINCIDE WITH THE 0.618 RETRACEMENT. -A,B,C AND D TARGET ZONES AS SHOWN -TARGET 1 1.4775
COUPLE OF POINTS TO BEAR IN MIND: -A BREAK OF THE TL AND CLOSE ON DAILY TIMEFRAME COULD SUGGEST A LONG TRADE -FIRST TARGET WOULD THEN BE THE WEEKLY KEY LEVEL LABELLED BUT AT THE MOMENT BEARISH.
Transaction en cours
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Reversal in the red circle area as I said it would and now ready to make new lower lows.
Transaction en cours
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Expected Retrace possibly up to 1.5 but we are going lower to make new lower lows.....1.5 ish could be a good entry for short :)
Transaction en cours
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In this trade Im looking for 1.4775 firstly.....we are going to make new lows
Trade fermée: cible de profit atteinte
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Time to take all profits on this one....great move went further than expected and hit my weekly support of 1.4500 to the "T"....pips galore