Following up on this weekends video, here's a look at how the GBPUSD is progressing. If you remember I was looking for a potential retracement back into our previous level of structure & a chance to take advantage of a short-term shorting opportunity.
If the market puts in another equal measured move higher, it would leave price right the highs of a previous level of consolidation. At this level I would expect to see some relief. As always we want to be predictive in our analysis, yet reactive in our execution so I'll be waiting to see how price reacts first before getting involved.
Good Luck this week traders!! And if you'd like a video explanation you can click one of the links below. Akil
Super Akil... Is it because I am your student I am recognizing these ???or have i Improved ? Somehow I am able to see these ...Thanks a ton to the trade empowered...90% to you...Thanks a ton
Akil_Stokes
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@ysspavan, I hope that my training has helped you improved. But all I can do is show you the path to success. Your hard work and dedication to mastering this skill is what has made you see improvement. Very well done
ysspavan
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@Akil_Stokes, Thank you. I should thank you for all the hard work you put to make the videos .
Akil_Stokes
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@ysspavan, You're welcome & thank you for the continued support
BGLion
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Hi @Akil_Stokes, here is my plan :) What do you think?
Im short already took the trade at 0.618 retracement if goes that level you mentioned im out cause no good structure there and its a sign of reversal may continue upside after a small release. otherwise it may just drop this afternoon or tomorrow morning.
FxStreamer
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@ehsan666, If test that level i will be looking for buy