


PriceActionTrading
INSIDE BAR FORMED AT D1. SHOWING INDECISION AND POSSIBLE MAJOR REVERSAL. TAKE NOTE IF HAVE EXISTING SELL POSITIONS AND LOOK TO BUY IF PRICES DOES CLOSE ABOVE MOTHER BAR. CONTINUE HOLDING SELL POSITIONS IF PRICES CLOSE BELOW MOTHER. FAILED SIGNAL WILL SIGNAL TREND CONTINUATION.
GBPUSD major reversal to the upside. only enter trade if D1 or W1 has confirmed upside reversal bias. Key bullish trendline rejected price upwards 3 times. trade entry dependent on D1 and W1 bullish pin bar close. Long term trade keep a tight lookout on your GBPUSD sell trades if you have any :) cause it may reverse.
TP : 185.1 SL : 187.6 / sell position is confirmed only if H4 closes below 187. afterwards enter at possible retracements around 187.26. This is a countertrend trade only for risk takers as overall bias is still bullish. Exit the trade at 185.1 and look to enter long once d1 confirmed bullish pin bar / bias at 185 region. RISK REWARD 2.5
on monthly timeframe, bullish reversal may be in play. however in d1, wait for bearish signs/ pin bar actions near the drawn trend line, that have proven to be key resistance, to enter sell. take profit at key support. exit position only if d1 closes above 0.798. EDIT : THE STOP AND TAKE PROFIT LEVEL ARE WRONGLY SWITCHED. IT IS A SELL TRADE.
key resistance at 1.82. wait for violation of short term up trend and bearish pin bar formation near 1.82. trade the short all the way to 1.79 hopefully reaching key support 1.758.
price has closed above the triangle. upward momentum is confirmed unless a break below back into the triangle is seen today 23 dec. wait for prices to pullback onto the trendline and enter upon pin bar confirmation on the h4 d1. d1 and h4 21ema suggest upward bias.
Wait for prices to pullback lower onto 21EMA and 186 support to re enter trend at the trend line. enter once pin bars (above 30pips) are formed at the trend line. do not enter trade if prices close below the trendline.