We've had a massive move up in the GBP across the board. We will now get a correction - once the correction is over we'll know where it's going next This chart is simply suggesting that it may go long I'll watch this development and post once I see a trade For now there is no trade either way - I am neutral until we see the structure Do not jump into this!
Hope this helps Steve
Kommentar
⋅
By the way the correction does not have to happen immediately. We may see some more advances before it happens but it is too risky to trade now
Kommentar
⋅
OK we have the corrective structure needed for a long entry - trade according to your personal trading strategy This is for the purpose of educational and discussion only and not investment advice
Kommentar
⋅
Beautiful - this trade behaved exactly as expected
Kommentare
Fxbahrain
⋅
You should have patience to get pm the right price though .. dont let emotions let you take early entries
Fxbahrain
⋅
I absolutely believed 1.2000 will push to 1.2330 .. and i think my game plan is working well and now i see your analysis & its exactly as what i was planning for .. im planning to buy the gbp on 1.2230 for a target of 1.2500 ... good luck