BoonHooi
Singkat

GBPUSD at resistance

FX:GBPUSD   Pound British/Dolar U.S
I do not see any Harmonic Pattern on this pair this moment.
However I see that this pair is at resistance.

Trade Execution
Taking this short trade based on support & resistance and the good risk to reward potential

Stops at 1.2620
Target at 1.2368
Perdagangan aktif: It goes without saying that price will have to break below this Support TL to go lower. This TL is now critical to me.

If this bounces off the TL, we could potentially see a completion of a bearish Bat at 1.2566 for another short trigger.

My stops are currently above the highs at 1.2620, could move it lower by 30pips (to reduce risk) to 1.2590, just above the Resistance Zone

it only shows BATS exchange data info ,isnt it?
Balas
BoonHooi forexvert
@forexvert, the chart I am using here is from the FXCM broker.
I believe that RSI is an indicator derived from the price and not volume

I agree that there is no source where we can get the WHOLE world's volume as there is no centralised exchange for fx trading
Balas
im pretty sure that your indicator for the RSI does not cover all the WHOLE worlds volume , yoou
Balas
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