GBPUSD Impulsive Move

25 มิ.ย. 2017

The GBPUSD is setup for an Impulsive Move DOWN to the next level of previous Support, possibly two. I have been trading this channel as it becomes more defined, and it is now at the TOP of the DOWN-Channel poised for another down move, probably an IMPULSIVE MOVE as it has been so far as Price approaches the top of the down-trend.

I watch this area closely for a potential Up-Move and repeat of the Flagpole which led into the Highs on this chart, by usine a close STOP on each DownMove and a REVERSAL above the STOP should it quickly take off towards the top, reperating the initail FLAGPOLE UP.

Happy Trades everyone!

25 มิ.ย. 2017

บันทึก

Where will the down move end, and a new channel withing the down channel begin? Probably along the (purple) down trend slope...



A 166 pip move down is likely.

30 มิ.ย. 2017

บันทึก

Happy Trading!