GBPUSD hourly

30 พ.ค. 2017

Here I'm trading the potential scenario where we have a retrace down to 61.8% fib of the recent bullish leg. This is then followed by a long opportunity. Will update this post when we get to this point.

Behind this idea we have a bullish reversal which is showing by change in momentum and a double bottom followed by a break to the upside (of the V point of the double bottom).

The long target is a previous support area at 1.293

31 พ.ค. 2017

บันทึกช่วยจำ

Entered another sell position at x676 as we had a long wick followed by a retrace to the previous candle closing price.

31 พ.ค. 2017

บันทึกช่วยจำ

Sell position closed, target reached at x276. 40 pips secured.

Eyeing for opportunity to get long. No buy positions active yet - we've got a nasty looking bearish candle.

31 พ.ค. 2017

บันทึกช่วยจำ

Fairly decent prognosis and outcome, altho price action did go deeper to hit that horizontal support line one more time before heading up.