GBPUSD on a wave 4 correction. This is probably the last correction before channel bottom hit, for intraday traders the break of the channel could be interesting.
Kommentare
Calamity
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i agree with the target 1.2815. we seems using same measurement XD
TAS_is_Goliath_Capital_Growth
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Thanks, nice to hear that. safe trading.
Calamity
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i believe the real price move will get lower than 1.2815 , prob 1.27 or something , but according the shoulder-head structure, i measured it will down to 1.2815 at least
Calamity
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and i have also checked us dollar index , the bottom head-shoulder structure applies there. and that index has double head-shoulder structure , 3 shoulders, small head-shoulder in 1 shoulder , i think big move. i will put all money on shorting s&p or aud after his gu trade
TAS_is_Goliath_Capital_Growth
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Please don't put all your money on a trade. As for the head and shoulders, try to understand where it is happening, it is not in itself a trade setup. For example, I know some people that got trapped on this one and it was clear it wasn't going nowhere. As for this pair, I agree that may go lower, I'll reanalyse once it hits the bottom of the channel probably by the end of the weel. The next chart is not related, just a 4H timeframe head and shoulders that trapped many people.
Calamity
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gu already dropped like 60 pips at todays opening lol
Calamity
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im shorting eu now
Calamity
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i always take 30% or half money out when it hit 70% of my target or even 50%
Calamity
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i got strong money management , the leverage im using is calculated based on both my win rate and risk/reward ratio.