I am starting this thread so I can post my weekly free trade alerts and analysis. I am a contributor and analyst for a number of forex sites and also run my own premium service. Glad to be a part of the T2W Community.
Been patient for a few days now and finally starting to see some setups that I like. The GBPUSD broke a major trend line and failed to bounce after the break. The pair has been hovering around the 38.2 FIB level as seen in the photo which signifies the trend is still in place. The 62 EMA is also below the 200 SMA and failed to cross and just below the 62 EMA became resistance for the pair. I am looking for an AB=CD pattern completion here.
Pair: GBPUSD
Entry: Short on hourly close below 1.4995
TP1: 1.4860 (Low of 3-2-10)
TP2: 1.4720 (Completion of AB=CD pattern)
SL: 1.5060 (50 FIB level and above trendline)
Move SL to BE: 1.4880
Cancel: Cancel if we hit 1.5050 before entry
Size: 1
Sorry this was a little late, was having problem getting it posted as I am new to this site.
