Updating my chart to add more info on why I am bearish. Current price levels also coincide with the measured objective of the inverted H&S formation from the SEPT. 21 low. Also, looking at the monthly chart the market has broken and currently below a key rising trendline. We just need to clear 105.40 which I think is key to this bearish scenario in the short...
We could be looking at a top here. This pair has been consolidating since SEPTEMBER 23 and while the preceding trend is bullish (from that September 21 swing low), I am looking for a break lower.
GBPUSD has reached top label of the H4 resistant label. I could be break the resistant label. Or it could reverse. If it break the H4 resistant label you can buy in this zone (1.27833 -1.27499) and your TP-1 would be 1.28966 TP-2 would be 1.29574 If it reverse from H4 resistant label you can open a sell trade from this zone ( 1.27430 - 1.27202) and your TP...
FX:EURUSD Jesse Livermore old style trading. No indicators. Price describe ascend breakout mode, it could break the dynamic level offering a 3:1 ratio opportunity. Price doesn't broke the last minimum the downtrend movement was weak. Rally has strong yet This is a trade for pick profits during the London and NY sessions trading in H1 timeframes.