GBP/USD Short term LONG
The DXY has been on a tear, as we had predicted, for the past couple of months.
It has now reached a major resistance zone and could cool off for a little while.
It is showing a bearish edge and a perfect short opportunity with an inverse cup and handle as shown below:
In turn this gives us the chance to long a more volatile asset such as the GBP/USD. Because this trade goes against the current trend, the position is relatively small
It has now reached a major resistance zone and could cool off for a little while.
It is showing a bearish edge and a perfect short opportunity with an inverse cup and handle as shown below:
In turn this gives us the chance to long a more volatile asset such as the GBP/USD. Because this trade goes against the current trend, the position is relatively small
Komen:
Still well in this trade
Komen:
Bad trade, small loss and we're out.
Komen:
Check how the SL then acted as resistance. KEY LEVELS OF SIGNIFICANCE. It's fine to lose a trade, its not fine to do so without learning or strengthening your methods.
