DislikedWas on late shift at work and decided to play around with the GBPUSD M1 using TDI and PA. First entry admittedly wasn't using TDI but simply my gut feeling that it would not drop below 1.27000 BRN. Reasoning behind this is that although the UK elections have caused some weakness in GBP this is only temporary and USD is weak at the moment too so I could not see a continuation of the down trend. Second and 3rd entries were as I was sure it was going reverse as TDI hit 32 level. After my 2nd entry it did continue down again but I was confident in my...Ignored
Further supporting this is the fact this most recent up move pulled back and respected, almost to the pip, the 61.8 Fib level.
If you cant really see on this chart let me know and I can redo -
Will be interesting to see what will happen at at 1.27750 ish level as there has been two bounces from there today.