A-B-C-D Set-up
Price reached the trendline resistance!
This can give a sell entry short term to the 50% Fibo retracement from the last two weeks rally!!!
When support hold at the 50% Fibo we Buy with Targets @ 142.30
This can still be risky as long as we stay in the wedge!
A RISK AVERSION MOVE IS POSSIBLE (long term).... BUT IN SHORT TERM APPETITE IS LEADING FOR NOW!
This can give a sell entry short term to the 50% Fibo retracement from the last two weeks rally!!!
When support hold at the 50% Fibo we Buy with Targets @ 142.30
This can still be risky as long as we stay in the wedge!
A RISK AVERSION MOVE IS POSSIBLE (long term).... BUT IN SHORT TERM APPETITE IS LEADING FOR NOW!
Note
Almost at Support!!! We may push into the support 3 zone before we buy 1 full lot, price will be monitored for a good buy area.MAIN SUPPORT DAILY IS 133.30 ABOVE THIS STAY BULLISH FOR NEXT 2 WEEKS
Note
Support Holds @ 133.30 This is a very good sign so far! Enter 0.5 Lots Bullish Move @ 134.60 This Morning, If tomorrows BoE can Boost the price up we can add to the trade.
Stop Loss Will Be @ 133.90
Note
GREAT BANK ADDS MORE STIMULUS HENCE WE WILL ADD TO LONG TRADES AS PREVIOUSLY MENTIONED !!!!Note
Bullish Engulfing Daily Close??Note
NFP July On The Radar For Today!!!Will We Get the full on risk appetite move and confirmation to push the gbp higher.
I previous wrote about the support areas marked on my chart.
We added to our long position yesterday.
If the NFP beats we will Add more to our Buy trade with targets @140 - 142 area
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