IS THAT A DOUBLE TOP I SEE?!? SHORT NWHello Traders,
I believe that I see a double top that formed on the Daily time frame and has attempted its LH and got a MASSIVE BEAR PINBAR setup or major zone rejection on the 12h and 4h. Giving us bear signals to be ready for a break to the downside.
Now there seems to be one more Past HIGHER LOW area on the daily that will need to be pasted in order for this entire move to happen so I will show pictures in the comments of what I mean but if it breaks this 12h zone and closes below it should be good to proceed down!
Ill keep you updated, good luck and always
NO DAYS OFF UNTIL EVERYDAY IS A DAY OFF
Nodaysoff
EURGBP- MAJOR LONG OR MAJOR SHORT DONT MISS OUT!!!I will show the weekly chart to express my point of how MAJOR This next move is going to be! EURGBP Price is coming to a SERIOUS SUPPORT level! it can do one of two things, so make sure you are ready for one or the other!
Plan A- It follows the past examples and hits this MAJOR support and respects it pushing up where BULLS will be in charge for awhile setting up for many buy ops! This support has held since 2016!!! Bringing me to my next point.
Plan B- If this support is BROKEN.......Get ready for a landslide to the downside and BEARS and PRICE will move down to a low low level over 200 pips. (Would love for this to be the case) I would be aggresive with this trade first candle that closes under this potion I would ENTER!! HOWEVER, Proper risk management says break and wait for retrace and enjoy the SHORT for a long fall! Make your decision.
I will update this analysis as the pair develops! I am betting it will move up, I am waiting for a rejection Hammer candle (I call them shooting stars) or an BULL ENGULF and I am in.
No Days OFF Until EVERYDAY is a DAY OFF.
Scalp UCAD PULL BACKIn order for the market to push lower, It must collect buy orders to push down past this major zone. I am looking for a Morning star pattern on H4 and looking to SCALP on Buy positions until atleast 50% on fibs
Color coded my fibs levels.
Pink-23%
Green 32% (What I am looking to TP too)
Orange 50%
Blue 61%
Good luck to us all and remember No Days Off Unitl Everyday Is a DAY OFF!!