GBPUSD -Short- May 12
Updated
Hello dear Traders and Investors!
Let's kick it with H4 Chart
Price has been traded in range since 8th March with such nice provocations. I closed some part of my shorts from 1.31190 ( classic entry after provocation), and rest i will leave, since we have PLC near lower border of H4 range.
From My Analysis your already know that PLC works great and we have to consider it in our trading. Now im expecting a new provocation at fibo 40% or 61.8%
REMEMBER: Its very important to put yourself in best conditions from the start, so choose trades with BETTER RATIO
To understand my MARKET ANALYSIS MAP and to understand true logic of the market PM me
I guarantee that i will change your understanding of the market within 1 hour
Let's kick it with H4 Chart
Price has been traded in range since 8th March with such nice provocations. I closed some part of my shorts from 1.31190 ( classic entry after provocation), and rest i will leave, since we have PLC near lower border of H4 range.
From My Analysis your already know that PLC works great and we have to consider it in our trading. Now im expecting a new provocation at fibo 40% or 61.8%
REMEMBER: Its very important to put yourself in best conditions from the start, so choose trades with BETTER RATIO
To understand my MARKET ANALYSIS MAP and to understand true logic of the market PM me
I guarantee that i will change your understanding of the market within 1 hour
Note
Close View on H1Last week after i enter from provocation at 1.31190
Market Maker or Banks robot has been spotted and i added 2 more short trades till price hit LL. Now we have an accumulation (PLC) which signals us for breakage lower border of H4 Range Box.
Conclusion:
I gave you 2 most probably scenario which im expecting this week. Always execute trades upon FACTS which you see now, since situation can change anytime...yes this is the market and we have to adapt to it.
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