GBPUSD
I have no idea what George is doing in trading these days.
He may well be charting up here with his Fibs & Waves, we do chat, but not about trading at all.
Ok so Franky has opened.
No major dump from the banks in Franky, price holding close to the Asia box ie no breakout attempt there.
The first 1hr targets low are day open candle 1.38056
If they shoot for it, then they usually go for the big round number 1.38000
What they do then starts to become of interest
The low target after that is Yesterday Lo at 1.37781, which is of interest as it lines up with the low target of 12th Feb (11:00 candle). A double target there.
That would also be around the ADR of the day which would then be a possible reversal into the time between London and NY open. They could grind down to the target at 1.37622 and break the ADR. After NY everyone is on their own lol, as I’ll be in the cot.
If they push price up (ie setting it up for a reversal drop down), then 1.38657 is todays current Hi (with another 40p in the kitty if they break that line) (my Asia box hi is 1.38590).
The next swing Target up is the Friday spike at 1.38693, then another swing at 1.38920, with the Fri Hi at 1.39061. Further than that is beyond ADR so probably into NY if that occurs (NY DO like to make either a new Hi OR Lo for the day early in their session).
That’s what I’m looking at now.
Either scalp trading in the momentum towards a Target that is giving up 7-10 pips, or greater. And watching for that on the 1 min. (and maybe then a couple of consecutive trades, who knows, I just wait & watch)
I may not even trade GU, what the “market” does will determine any trades for me.
The key early points for me are the Asia box breaks and if they fake n flip back inside the Asia box.
(my Asia box runs from 2:45 to 8:45 chart time)
I have no idea what George is doing in trading these days.
He may well be charting up here with his Fibs & Waves, we do chat, but not about trading at all.
Ok so Franky has opened.
No major dump from the banks in Franky, price holding close to the Asia box ie no breakout attempt there.
The first 1hr targets low are day open candle 1.38056
If they shoot for it, then they usually go for the big round number 1.38000
What they do then starts to become of interest
The low target after that is Yesterday Lo at 1.37781, which is of interest as it lines up with the low target of 12th Feb (11:00 candle). A double target there.
That would also be around the ADR of the day which would then be a possible reversal into the time between London and NY open. They could grind down to the target at 1.37622 and break the ADR. After NY everyone is on their own lol, as I’ll be in the cot.
If they push price up (ie setting it up for a reversal drop down), then 1.38657 is todays current Hi (with another 40p in the kitty if they break that line) (my Asia box hi is 1.38590).
The next swing Target up is the Friday spike at 1.38693, then another swing at 1.38920, with the Fri Hi at 1.39061. Further than that is beyond ADR so probably into NY if that occurs (NY DO like to make either a new Hi OR Lo for the day early in their session).
That’s what I’m looking at now.
Either scalp trading in the momentum towards a Target that is giving up 7-10 pips, or greater. And watching for that on the 1 min. (and maybe then a couple of consecutive trades, who knows, I just wait & watch)
I may not even trade GU, what the “market” does will determine any trades for me.
The key early points for me are the Asia box breaks and if they fake n flip back inside the Asia box.
(my Asia box runs from 2:45 to 8:45 chart time)
2