It seems to me that GBP / USD has reached the lower boundary of the channel and this is an ora to buy. The stochastic is below level 20, rsi is on 30. Ichimoku is showing a downward trend, and maybe a reversal will not happen quickly.
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Daily
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DislikedLast setup I've posted in here was good for almost 100 points with 15 point DD... I'll see about posting any new setups in here next week, seems like I'm wasting my time though. {image}Ignored
Disliked{quote} nope. seems to be done for now. Exit -5 pips. BUY 1.2339 target 25 pipsIgnored
Disliked{quote} London open below 1.2382 indicate downtrend for the next 4H as long price still consolidate around this number,Price might reverse going up or continues down from here for those who call bull if you are right in this week just remain humble and dont come here just for screaming that you are right and post below words .. " Yeah,I told you so " I warn you Etc blah2 " While price keep drop week by week Just relax and Trade It,Don't let the incoming news affect your Technical analysisIgnored
Disliked{quote} Just had a quick check of this with my own fibs and I agree I'm not in this bullish butterfly but my targets would be the 38.2 at 1.2410 (I'll use the quarter number of 1.2400) and if it breaks that the 61.8 at 1.2465 (I'll use 1.2450 quarter point) from there I'm expecting either trend continuation short or a double bottom/H&S pattern for trend reversal to the bulls Edit Chart attached Edit 2 butterfly failed This is why I don't counter trend trade {image}Ignored
Disliked{quote} Identify the daily trend and trade when price consolidate and close in the same directions when London open set your trade and stop and forget it until tomorrow London session begin again Never chase the moves, Let The Price kill & Hunt those Bull and Bear retailers hours by hours,minutes by minutes and second by secondIgnored
DislikedAnd I'll throw it out there but I think over the next month ie August/maybe September we will see prices drop too 1.21 before a proper bull run (not just a pull back on a daily timeframe) based of pure technical. See how this post turns out come that time. That should take in around 1210 pipsIgnored