Hi fellows. I am looking for continuation of the trend on this pair. Follow me on lower time frame.
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Watch top if do not continue
Komentar
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Watch top of the channel
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Those who sold from top Now enjoy your trade fellows. We will look for further selling once price leave the ascending channel.
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ErdincTekerlek
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Tp : ? Sl ?
AlanTradesFX
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Awesome, thanks.
PaulJonFX
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Hey Wave Trader! Any new updates on this analysis?
Wave-Trader
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@PaulSiljee, Update is already there mate watch the channel top
Daniel_APM
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Hello, another great analysis!!! May I ask you some question about market correlation?
1. multiple GBP pairs showed downward impulse for trend change after super Thursday, GBPUSD, GBPAUD, GBPJPY etc. How do you decide which pair to short after TCP?
2. Given all these correlations, should we only focus on the majors to simplify our decision making process? how do you think about and handle market correlations in general?
Wave-Trader
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@mnwind, after figuring out the correlation. Figure it out which is the strongest currency and which is weakest currency and also figure it out are they showing reasonable potential or not if so then choose that pair for trade for good reward. Fore example GBPAUD was the example in last couple of days or GBPJPY. just look both on my ideas.
Wave-Trader
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@Wave-Trader, we have an other example of OIL with USDCAD oil less likely gonna go under 45 in coming weeks. Which means USDCAD may holds the top and if so THERE is very good trade setup juts look at my USDCAD idea.
Daniel_APM
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@Wave-Trader, your approach makes perfect sense. Thank you very much for your response!