As we know it's not wise to predict tops in the marketplace, however, I'm willing to do it anyway if it means that I grow as a trader.
Anyhow, we've seen a failure recently in the British Pound in terms of overall strength on the Weekly. However, on the Daily we're currently being supported, this makes me believe we're gearing up for a quick run above the equal highs before breaking down lower.
This is very speculatory in nature, I am a confluence-based trader and only take trades that make sense based on Key levels, market structure, and specific patterns I like, with specific entry criteria. I will not enter on a whim without these lining up in my favor, its fun and boosts creativity to try and predict the market.
Sometimes you will get it "right" and yet it is completely different from how you imagined it. Looking at the possibilities helps us adjust to what the market is actually doing in real-time. Good luck and good trading!
Anyhow, we've seen a failure recently in the British Pound in terms of overall strength on the Weekly. However, on the Daily we're currently being supported, this makes me believe we're gearing up for a quick run above the equal highs before breaking down lower.
This is very speculatory in nature, I am a confluence-based trader and only take trades that make sense based on Key levels, market structure, and specific patterns I like, with specific entry criteria. I will not enter on a whim without these lining up in my favor, its fun and boosts creativity to try and predict the market.
Sometimes you will get it "right" and yet it is completely different from how you imagined it. Looking at the possibilities helps us adjust to what the market is actually doing in real-time. Good luck and good trading!
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