Hi guys, I have been following the James16 posts for a some time and found lots of helpful information here regarding trading price action with S/R. I have had very limited success as I am still demoing to explorer the method that I am comfortable with in terms of trading. I am interested to hear your views on the GBP/USD as it has been riding with a nice uptrend lately. Now it seems price and touch on the rising TL on the daily TF. Now my view is that if this TL is violated then I would be looking for a retracement to the TL for any PA to go short and use the TP target of 1.5760. Does this make any sense to you guys?
Another pair on my alert is the Gbp/Jpy as there is a weekly BEOB and now price has retraced to the 1.5720 level after the BEOB so is anyone else out there keeping an interest on this pair at the moment?
Another pair on my alert is the Gbp/Jpy as there is a weekly BEOB and now price has retraced to the 1.5720 level after the BEOB so is anyone else out there keeping an interest on this pair at the moment?