Thought I'd post this one. Mrs V has been mentally working very hard to shed her membership of the 20 pips bank hall of fame.
This morning on blog down bias was clear.
The 15 min chart angle down on 128 lwma (=1hr 32lwma = 4hr 8lwma) is clear so we are happy with 4hr trend. Price moves into the gap. 15 min 2b, engulfing negative close evening star pattern, with divergence. So we are happy that move up is the head fake and we are back into trend.
60% out at W S1 for +65-ish, balance target is the next W pivot at 1.5928, we'll see if BE stop survives. We are at the moment in London close bounce up time.
This morning on blog down bias was clear.
The 15 min chart angle down on 128 lwma (=1hr 32lwma = 4hr 8lwma) is clear so we are happy with 4hr trend. Price moves into the gap. 15 min 2b, engulfing negative close evening star pattern, with divergence. So we are happy that move up is the head fake and we are back into trend.
60% out at W S1 for +65-ish, balance target is the next W pivot at 1.5928, we'll see if BE stop survives. We are at the moment in London close bounce up time.