Good morning there. I know that some of us lost money yesterday. Fine! That's the inevitable event in forex. We win, we lose. But the winning streak must be more than the losing streak. That's the fact about making money from forex.
What do we have today? In the GU market, I see a reversal, the big one. Why? It's because the price is currently at the event area, the level where the price has reacted many times. The arrows drawn show the areas where the price has reacted in the past and present.
We have a confluence in the market today: the price is currently reacting at the key horizontal line area (support and resistance zone), intersecting with the trendline. All we just need is a strong bearish candle showing the momentum to the downside. Once this happens, you are good to sell. Though M15 has shown a nice bearish pin bar, this is not enough. Watch for this signal from H1 and H4. The signal in h1 and h4 is more reliable.
What do we need now? Patience. Wait for the signal to appear to sell in the h1 timeframe.
Entry: Market; First Take Profit: 1.1600; Second Take Profit: 1.1354; Stop Lose: 1.1797.
Good day
What do we have today? In the GU market, I see a reversal, the big one. Why? It's because the price is currently at the event area, the level where the price has reacted many times. The arrows drawn show the areas where the price has reacted in the past and present.
We have a confluence in the market today: the price is currently reacting at the key horizontal line area (support and resistance zone), intersecting with the trendline. All we just need is a strong bearish candle showing the momentum to the downside. Once this happens, you are good to sell. Though M15 has shown a nice bearish pin bar, this is not enough. Watch for this signal from H1 and H4. The signal in h1 and h4 is more reliable.
What do we need now? Patience. Wait for the signal to appear to sell in the h1 timeframe.
Entry: Market; First Take Profit: 1.1600; Second Take Profit: 1.1354; Stop Lose: 1.1797.
Good day