Dump might soon prove too much for hedge funds to bear.
Aktualisiert
We bounced on support, giving a short entry at a price not too bad.
If it goes up too much SL and aim to short it at 1.71-1.72.
Since there is a relatively strong support I will TP quick and wait for a larger bounce before shorting it aiming for the stars.
I do not expect support to break this easilly, I expect GBPCAD to retrace back down soon probably with RSI divergence on the 4HR, I TP, and then it goes up a few percent, and that is where I short it and HOLD. Support will break in a few weeks in my opinion, last week at soonest.
If it goes up too much SL and aim to short it at 1.71-1.72.
Since there is a relatively strong support I will TP quick and wait for a larger bounce before shorting it aiming for the stars.
I do not expect support to break this easilly, I expect GBPCAD to retrace back down soon probably with RSI divergence on the 4HR, I TP, and then it goes up a few percent, and that is where I short it and HOLD. Support will break in a few weeks in my opinion, last week at soonest.
Anmerkung
Wanted to double up an hour ago, but spread was too high. Still pretty high. Anoying pair.Actually spread is not my bad with my new broker. I forgot.
Anmerkung
When it drops this fast, you just have to take profit.Trading View needs a take profit post title.
I am pretty pissed I did not hear my GBPUSD alert, missed out on an easy winner...
Got to make sure I have my volume high enough...
Work just making me so tired I just pass out completely...
Grrr
Trade geschlossen: Stop wurde erreicht
What I had left got stopped by a pump. I think.Oh well, whatever.
Hope it goes further up so I can join the trend for a while and take 3% or something like that.
Anmerkung
Maybe I go long actually now...Trade ist aktiv
Long GBPACADAnmerkung
Interesting.What happens now when I remove the rectangles?
The prophecy is true.
youtube.com/watch?v=uwmeH6Rnj2E
Anmerkung
B0000M!The 15 min RSI is getting pretty hot, so maybe the pounds drops a little, but I'll HODL, I am aiming for more than this. Let it go a little higher.
Looking pretty good on the daily.
Anmerkung
It is retracing now, very probably because retail traders take profit when they are up 5%I HAD to secure some, but I will HODL and aim for more.
Anmerkung
Aaaaand it's back up.Idk if I should worry about the rsi divergence... it's just the 15 min chart.
Trade wurde manuell geschlossen
Peace.Since I am going against the trend I am not going to be too ambitious :)
If it goes down again, with rsi divergence again, I will go long, maybe aim more, and expect a 3rd drop with divergence wow that would probably mean a reversal.
Or if it goes up I get a good entry short to join the trend.
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