as charted above, the GBPUSD pair had a massive bearish drop today; and began reversing from that bearish trend, around my charted support trendline. which all in all formed a double bottom pattern. the yellow line charted is the neckline. so several trades could be taken, being 1 right now and TP at neckline, and another more longer-term long trade towards the projected areas (represented by the green arrows).
I am expecting the bearish trend on the daily chart to reverse a bit, so this is a perfect time to snipe in on that daily TF. but I predicting a 500 pip long trade, lasting roughly 20-30 days.
I am expecting the bearish trend on the daily chart to reverse a bit, so this is a perfect time to snipe in on that daily TF. but I predicting a 500 pip long trade, lasting roughly 20-30 days.