Just to show people a picture of Cable as setup developed (I didn't know what will happen next):
1. Nice 3 white soldiers to the daily R1 line. What is going to happen next? Will it hold?
2. At this stage a possible ascending triangle being formed.
3. No sign of double top - so get ready for possible break to upside.
Second chart:
My entry point and 10pips profit later. Then you do have a double (1,2), even a tripple top (3) forming. Not really a perfect 3 little sisters formation.
From now on, no more long trades for me on Cable today.
1. Nice 3 white soldiers to the daily R1 line. What is going to happen next? Will it hold?
2. At this stage a possible ascending triangle being formed.
3. No sign of double top - so get ready for possible break to upside.
Second chart:
My entry point and 10pips profit later. Then you do have a double (1,2), even a tripple top (3) forming. Not really a perfect 3 little sisters formation.
From now on, no more long trades for me on Cable today.
Willem
Forex recipe for success = Patience, discipline & hard work.