Textbook quotReversal Dayquot for GBPUSD
Page 1 of 737 123 ... LastLast
Results 1 to 10 of 364

Thread: Textbook quotReversal Dayquot for GBPUSD

  1. #1
    1 Attachment(s) At a bullish market, a reversal day consists of trading range that reaches a new high but closes lower than the prior day's high. This pattern reflects up side exhaustion.

  2. #2

  3. #3
    Quote Originally Posted by ;
    Additionally, near being a trap bar bearish sign. I am short at 1.9077, what SL would you put. Currently I place it pips higher than the close of day. Thanks.

  4. #4
    Quote Originally Posted by ;
    Additionally, close to being a trap bar bearish signal. I'm short at 1.9077, what SL would you place. Currently I put it at 5 pips higher than previews day's close. Thanks.
    I'm actually waiting for the current bar to drop below the pin. I'll go around 1.9055 and place SL above the left eye across 1.9105. Or maybe above the pin, but thats too many pips for me personally.

  5. #5
    Quote Originally Posted by ;
    I'm really waiting for the current bar to fall below the pin. I'll enter around 1.9055 and place SL above the left eye across 1.9105. Or perhaps above the pin, but thats too many pips for me personally.
    Pin Bar supported

  6. #6
    Hats off to you Pal- Nice Function


    QUOTE=wwwin]In a bullish market, a change day consists of trading range which reaches a new high but closes lower than the previous day's high. This pattern reflects up side exhaustion. [/quote]

  7. #7
    Quote Originally Posted by ;
    Hats off for you Pal- Nice Work


    QUOTE=]In a bullish market, a change day is composed of trading range that reaches a new high but closes lower than the previous day's high. This pattern reflects side fatigue up.
    Due

  8. #8
    Bloomberg yesterday on cable (message I received at 11:57 GMT):

    Next resistance- 1.9135-44 Support -- 1.9046

    Appears that cable is going down...

    Watch you Later Trichet's speak

  9. #9
    Yes I too think that it is going to go further up.Especially in euro session.

    Even though it could start to reverse in late us semester now.

  10. #10
    I will be surprised to see much of a move today with non-farm Forthcoming tommorow

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.