GBPUSD LONG THEN SHORT PROJECTION - price volume is showing us that the value area of the daily time frame is on the bottom. this points to an upward trend. price is likely to retrace to the value area high. in regards to the ATR, we can see that price is at the bottom of the WEEKLY true range. this will be considered support for now. volume will be strong due to big bank roles. Fundamental News is showing us some action early in the week on both sides of the market. We will keep an eye on the DXY as well, and look for an entry during London Session on Monday AM. Risk:Reward is clearly shown.
Estimate Time Length on the uptrend could take a full week or two of trading. The short side will occur much quicker. Let's see if we can dodge the UK Big Banks.
**This is my personal opinion. Please do not take exact trade with expectations.**
If you have negative comments, please keep them to yourselves. This is a backtesting trade I have decided to take, and plan on exploring all features of this move.
--Winters
Estimate Time Length on the uptrend could take a full week or two of trading. The short side will occur much quicker. Let's see if we can dodge the UK Big Banks.
**This is my personal opinion. Please do not take exact trade with expectations.**
If you have negative comments, please keep them to yourselves. This is a backtesting trade I have decided to take, and plan on exploring all features of this move.
--Winters