From current levels, we could see GBPUSD witnessing some profit taking and drop to 1.7060-50 horizontal support.
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Disliked{quote} Those stops have been taken and it moved up to 7147. Now the level (7150) mentioned there is holing up.Ignored
Disliked{quote} do you understand the meaning of sell stops. how can sell stops be taken out when market rallies to 7147. I think u need some educationIgnored
Disliked{quote} No, When the price moved up from 7094, first it has taken 1.7030, stops hit, ran towards 7150 and holding. This is the way you must read.Ignored
Disliked{quote} To me, the TF doesn't really matter. The PA structure is the same. You can just see it better on the smaller guys. The TF only matters for defining the range in which you're working.Ignored
Disliked{quote} Yeah, if were to go for that short I'd have a tight stop just above the current SD of 7130. But this seems just as obvious as every other climb as of now. To me, PA has already determined direction. We're just waiting for a catalyst. So the question for me is, what will "likely" happen when it comes? {image} Barely a second touch of supply and boom, right back up. {image}Ignored
Disliked{quote} Yeah, if were to go for that short I'd have a tight stop just above the current SD of 7130. But this seems just as obvious as every other climb as of now. To me, PA has already determined direction. We're just waiting for a catalyst. So the question for me is, what will "likely" happen when it comes? {image} Barely a second touch of supply and boom, right back up. {image}Ignored