15min
15m Technical GBPUSD Long 1:3After seeing what looks like a skewed double bottom formation, with the first low late Friday evening and second low Monday morning.
Expectations are a further rise.
Instructions - if trade flat or has not moved in the next 2 hours, take small loss or small profit.
Trade with caution, this is not financial advice.
Entry: Market
SL: 1.25900
TP: 1.26732
Hindsight Pig-Peg - A Single 15-min Candle = 1000-Point Rally?Hindsight Pig-Peg's are not as impressive as foresight Pig-Pegs. Even incorrect foresight Pig-Pegs (see all prior Pig-Pegs) are more impressive than anything made in hindsight.
Why do this then? Because I think it may provide crucial information for future market rallies.
Broadly speaking, this may also offer some insight into the true nature of reversals, and possibly, some things to look for.
If this is correct, then that means that the impetus for 1000 points worth of bullish price action can be pinned to a teeny-tiny, singular 15-minute candle.
SPCFD:SPX