Nov 16 2015: NETURAL GBPUSD 15 Min;Sell channel top; Buy channel bottom
(Analysis Based on 15 Min chart)
Observations
1. Price in short term bullish channel (broken and retested);
2. Price consolidating after a brief up move
NOTE: Wait for price action to confirm the importance of this level. Sell bull traps at consolidation top. Sell break and close below consolidation bottom on retest. Buy consolidation bottom.
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(Analysis Based on 15 Min chart)
Observations
1. Price in short term bullish channel (broken and retested);
2. Price consolidating after a brief up move
NOTE: Wait for price action to confirm the importance of this level. Sell bull traps at consolidation top. Sell break and close below consolidation bottom on retest. Buy consolidation bottom.
If you find this information useful. Please hit the LIKE button.
I may trade all, some or none of the ideas posted. All of my contributions are for educational purposes only. 'TRADE What You SEE'' and all the best!
