Double Triple Tops - how to forex news trading

Double Triple Tops ~ how to forex news trading

Double tops on both the daily, the weekly and perhaps triple top on H4. The blue zone is the area to watch that requires our attention for now. If we break the blue zone, then a re-test of 1.70000 is a real possibility. A daily candle closing outside the blue zone will confirm this. As long as the blue zone holds, a big fall is a matter of time.

It is always better to plan ahead!
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Re Understanding Price Action - forex news trading indicator

Re Understanding Price Action ~ forex news trading indicator

Please read my last post

For GBPUSD price finally touched 1.61850 to replicate the move I envisaged in my last post. Our range for now is between the area mark in red boxes. Until the daily RSI reaches 30 point mark, the ultimate direction is down.

for GBPJPY my pending order at 135.00 was finally picked yesterday after pending for almost 3-4 weeks. The dragon has now completed 1000 pips move and a huge drop (another 1000 pips down is almost guaranteed) is very imminent it is only a matter of time. The only recommendation for GBPJPY now is SELL using H4 to pick bargain SELL

See the charts below. It is always helpful to plan ahead.
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