Here's something I'm currently working on with the British Pound/US Dollar.
Why do I believe that Price Action will head further down?
1. P.A. broke a huge O.B. last week ($1.2980-1.3035). Precursor.
2. A new O.B. had formed ($1.3062-$1.3082) at the peak after breaking through the previous O.B.
3. The green candles underneath current price signifies potential *profit margin*.
4. Even though the previous O.B. was broken, it can still push price down to some degree.
What if it does the opposite?
I'll readjust, and wait for a B.A.R. of the $1.3062-$1.3082 levels to take it to the upside. We shall see...
Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.
Why do I believe that Price Action will head further down?
1. P.A. broke a huge O.B. last week ($1.2980-1.3035). Precursor.
2. A new O.B. had formed ($1.3062-$1.3082) at the peak after breaking through the previous O.B.
3. The green candles underneath current price signifies potential *profit margin*.
4. Even though the previous O.B. was broken, it can still push price down to some degree.
What if it does the opposite?
I'll readjust, and wait for a B.A.R. of the $1.3062-$1.3082 levels to take it to the upside. We shall see...
Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.