29 Sept - EURGBP Analysis

Daily Chart

Opps forgot to post

What can you expect:
  • Market is still trending upwards (Higher highs and Lower lows)
  • Market have high probability to bounce around the Head & Shoulder pattern before breaking upwards.

Something that I have been reminded this week, is to be really patient with the market and not trade immediately once a pattern is form or a Signal is given. As high liquidity(high volume of traders/money is in the market) is a sign that market is "testing" that particular level or what many called it "false breakout". Allowed market to test it again (this allow you to reduce your risk) before entering or unless market gives you a better risk/reward ratio

p.s I'll probably add in the education stuff in this week :)

All the best in trading !
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