GBPUSD Short @1.2127
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- Feb 14, 2023 4:31am Feb 14, 2023 4:31am
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The markets are speaking to you. Do you know their language? I M T
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{quote} GU I hope she can reach target soon. {image} Need money to buy lunch.{image}
.
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{quote} what's the difference? [Between pips and points] YIKES!! You need to IMMEDIATELY close any trading accounts that you have and find another area to dabble in.
care to explain?
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Relax, focus and trade what you see. Copyright
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- Feb 14, 2023 4:43am Feb 14, 2023 4:43am
{quote} really? care to explain?
No.. haha
."In finance, specifically in foreign exchange markets, a percentage in point or price interest point is a unit of change in an exchange rate of a currency pair."
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- Feb 14, 2023 4:43am Feb 14, 2023 4:43am
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GBPUSD price action on the H4 time frame is issuing a bullish retest of the broken down rising flag (channel) and potentially the 1.22500/1.21830 H4 tf supply (black). A bearish shift within that confluence, which also aligns with the 50/61.8 Fib retracement of the 1.23950/1.19570 bearish trading range will pique my interest for a sell swing trade.
I may be wrong. Trade safe, prosper.
KP
I may be wrong. Trade safe, prosper.
KP
Here's a technical perspective on GBPUSD by a medium-term swing trader. GBPUSD price action is presently sideways on the daily time frame. It made a bearish rejection of the 1.22600/1.24700 horizontal resistance zone (red) seven days ago, but there was no bearish follow-through throughout last week. A bearish breakdown of the sideways may see a southward drive towards the 1.18700 handle (blue). I may be wrong. Trade safe and prosper. KP {image}
Do your homework, follow the footprints of smart money
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{quote} Pip stands for "Powell's Ingenious Plan". No.. haha
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Intraday only.
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Train your eyes
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Train your eyes
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- Joined Dec 2011 | Status: Postmaster | 11,301 Posts
Train your eyes
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Never, ever argue with your trading system
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- Edited 5:19am Feb 14, 2023 5:06am | Edited 5:19am
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expect more weather balloons...stealth...slow and steady wins the race...
Relax, focus and trade what you see. Copyright