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Shaven TOP Candle On GBP/USD!!!Perhaps you've seen it before.. a shaven top candlestick or maybe a shaven bottom candlestick, so what does it mean? Well, it's a GAP basically and 9 out of 10 times it gets filled eventually. A Shaven-Top candle is a candle with the SAME OPEN and HIGH price level. A Shaven-Bottom candle is a candle with the SAME OPEN and LOW price level. For this pair, on the hourly chart, you would see a shaven top candle at 1.38864 level. This means that price could possibly move back up to that level before heading lower - as drawn on the chart. If you didn't know about the shaven candle.. hey! now you know. :) Oh and if you're a coder, I think that would be something you could code for me. P.S. Feel free to comment below if you like my analysis. :) Happy Trading! Cheers!
Short
by Kav1ka
GBP/USD 123 Top still in place!Hey Traders so in the last lesson I had metioned that GBP/USD has formed a 123 top formation. Although the market has started to climb back up as you can see it has still not taken out the 2 point. That means as long as the US Dollar uptrend continues this trade should work out. I still believe that the British Pound is still a great short opportunity. Trade Well, Clifford All opinions expressed are for educational purposes and this is not a recommendation to buy or sell). (Always use risk management before entering any trade). (Past performance is not guaranteed for future results.)
Short
by TradeTheIndex