Euro Fx/Funt BrytyjskiEdukacja
Wait confirmation candle
EURGBP daily timeframe June 28, 2019
You see trendline orange ??? If yess, if you are trendline trader, I'm pretty sure you will open SHORT POSITION directly .
But from my experience , what I can say is TRENDLINE in many proof, like this now EURGBP , you see price keep moving up , and breakout trendline !!! However, my past experience teach me to avoid using trendline . Trendline is useless for me !!
I believe to reading candlestick. Because ,somehow ,the tail of candle already representation of fibonacci retracement ( FR ) .But I keep being realist. I keep try to drawing FR and caught that price EURGBP may want go to testing FR 88,6% , and for me personal, I will wait some of candle confirmation to opening long or short !
But if you go to weekly timeframe, you will realized there was double top supply area on top the current price. So then, that make sense if price perhaps 70% after touch FR 88,6% will bouncing , dropping !!
Thank you guys for your time to read this all words. Hopefully you can understand my english.
You see trendline orange ??? If yess, if you are trendline trader, I'm pretty sure you will open SHORT POSITION directly .
But from my experience , what I can say is TRENDLINE in many proof, like this now EURGBP , you see price keep moving up , and breakout trendline !!! However, my past experience teach me to avoid using trendline . Trendline is useless for me !!
I believe to reading candlestick. Because ,somehow ,the tail of candle already representation of fibonacci retracement ( FR ) .But I keep being realist. I keep try to drawing FR and caught that price EURGBP may want go to testing FR 88,6% , and for me personal, I will wait some of candle confirmation to opening long or short !
But if you go to weekly timeframe, you will realized there was double top supply area on top the current price. So then, that make sense if price perhaps 70% after touch FR 88,6% will bouncing , dropping !!
Thank you guys for your time to read this all words. Hopefully you can understand my english.
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