Everything is in the chart - forex news trading plan

Everything is in the chart ~ forex news trading plan

Look at where price is at the moment, over 40 pips in the bag already! If you follow this advise the horizontal line on the RSI is the place to watch out for. If you miss the train, wait for the next set-up.
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Follow The First Reversal H4 Candle Using M15 - forex pre news trading

Follow The First Reversal H4 Candle Using M15 ~ forex pre news trading

This current sentiment now is that GBPUSD has formed a 200-pips box (flag) between 1.57807 and 1.55081. A break out of either side will determine the next direction. Until this happens any prediction is mere speculation.

To play the range, follow H4. The most effective method is to follow the first reversal H4 candle using M15 as entry around 30. The red horizontal line on RSI gives early indication of when to take profit or lock your profit. Now the trend is up, reversal on M15 around 70 is a signal to either take or lock your profit by either using trailing stop or shifting your stop loss.
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Everything is in the chart! - forex market news paper

Everything is in the chart! ~ forex market news paper

When I noticed double top in GBPJPY early this month on both H4 and D1, I posted two charts on this tread on the likely areas (indicated by the yellow boxes on the charts) where the double top is likely to take us. From the look of things, we are heading to 126.739. If we get there, I will re-evaluate where we may likely go next. Everything is in the chart



Happy trading!
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