i dont trade that pair but let me look at it; its has formed 2 double rejection at 1.42700 the near term resistance so its most likely going down. Its looks like a perfect sell signal but price is currently sitting on an intraday(4hours chart) support at 1.42088. So be careful.
But its a decent sell setup. On the weekly chart
Theres are multiple rejections on the dynamic resistance line(moving averages).
I was wondering why was the second pair not the first pair viewed as valid bearish signal formed at key psychological point/resistance point?(4hr Gbp/usd)
nice trade i have close out 76-100pips on gbpusd and 45pips on euraud. Still holding audusd but have lock in 35pips(equal to my risk). Good trade another home run.
Thanks Horlique2 for your Signals !
I’m new here and I wanted to understand your retracement, and mainly to understand your method of trading, could you please put me thru it ? or if you did it already just point me at the page number ?
theres some correction most pairs so i will advise you pause trading till daily candle close, if theres any valid setup i will post for all to trade. Please Stop the bleeding.