GBP.USD Psychological level
Hello and a warm welcome to you all. Let me give you all a tip on how psychology works in the market sometimes.
You see when we appear to be bearish we tell ourselves that "there is no way we are going higher" & "I'll just hold it until it's bear anyways". These are if not one of the exact reasons why I am longing for this pair. There have been so many short traps that I believe the market is here to test these traders patience. I am not forecasting 1.40 or anything like that because I am only looking for what is possible coming into next week. I myself don't believe we will go higher.. I mean hasn't this trend matured ?? That is one of the misconceptions we tell ourselves when we are so used to how we see price action and where we see key price zones.
Anyways in terms of technicalities, I enjoy looking at pivots for taking a profit. There is a nice pivot region around 1.3911 where there is a possibility momentum will climb there until any form of a reversal.
I am long from 1.3750s region also but the take profit is different... so you can call this averaging up in a way.
Once again if I see price action really momentum downwards, I will be changing my opinion on how we are doing but for now sit back and relax.
Not investment advice
You see when we appear to be bearish we tell ourselves that "there is no way we are going higher" & "I'll just hold it until it's bear anyways". These are if not one of the exact reasons why I am longing for this pair. There have been so many short traps that I believe the market is here to test these traders patience. I am not forecasting 1.40 or anything like that because I am only looking for what is possible coming into next week. I myself don't believe we will go higher.. I mean hasn't this trend matured ?? That is one of the misconceptions we tell ourselves when we are so used to how we see price action and where we see key price zones.
Anyways in terms of technicalities, I enjoy looking at pivots for taking a profit. There is a nice pivot region around 1.3911 where there is a possibility momentum will climb there until any form of a reversal.
I am long from 1.3750s region also but the take profit is different... so you can call this averaging up in a way.
Once again if I see price action really momentum downwards, I will be changing my opinion on how we are doing but for now sit back and relax.
Not investment advice
Comentarios:
against sentiment and the markets are apparently "manipulated", gg bears
Operación cerrada: objetivo alcanzado:
Another amazing trade is done. I see no one wants to give me recognition but that fines, I'm gonna eat these pips by myself. Thank you all for witnessing my trade.