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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