GBPUSD
Although the close of week 28 had all TFs from MN1 through M1 in a down swing with H4 overdue to swing up, IMT traders follow the DYNAMIC focus chart, looking for entry opportunities.
So this presented an expectation of RALLIES to form that must progress to up trends if higher TFs are going to swing up. As can be seen on the charts, the up trends could not be sustained very far through the TFs and when a FAILURE occurred, it gave an opportunity for selling.
M30 has been a repeated stopping point today in the cycling, with 3 sell entries (red Vlines) thus far today.
How do you spell success?? I-M-T
Although the close of week 28 had all TFs from MN1 through M1 in a down swing with H4 overdue to swing up, IMT traders follow the DYNAMIC focus chart, looking for entry opportunities.
So this presented an expectation of RALLIES to form that must progress to up trends if higher TFs are going to swing up. As can be seen on the charts, the up trends could not be sustained very far through the TFs and when a FAILURE occurred, it gave an opportunity for selling.
M30 has been a repeated stopping point today in the cycling, with 3 sell entries (red Vlines) thus far today.
How do you spell success?? I-M-T
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