pezz55
Sergeant
- Messages
- 204
EURGBP
Last week I managed to get on the sell of the break up and the retest back to the trendline.
Now re assessing this pair you can see we are respecting the trendline to the up side. Also the red line marked out where we made the high has now left relative equal highs on the daily TF.
When looking at charts there are many things to take in to account but I like to look where is the liquidity. Here it is above the equal highs and below the break of the trendline.
So I will be waiting on my hands to see which if these gets taken first and then look for the move to the opposite side.
Let me know what you think of this and I will get back to you with an update later on.
Last week I managed to get on the sell of the break up and the retest back to the trendline.
Now re assessing this pair you can see we are respecting the trendline to the up side. Also the red line marked out where we made the high has now left relative equal highs on the daily TF.
When looking at charts there are many things to take in to account but I like to look where is the liquidity. Here it is above the equal highs and below the break of the trendline.
So I will be waiting on my hands to see which if these gets taken first and then look for the move to the opposite side.
Let me know what you think of this and I will get back to you with an update later on.