Reverse strategy.

In my previous post i was forecast, GBPUSD will bounce downward from the timeline. But when i spotted price action on TF15, i just close my sell order and open buy extra 1 lot.

How to determine price action?
It depends on your observation and credit hours watching market. The pattern is the same, experience always a leading indicator to make a decision. Whats make me open buy?

1. There is a solid price pattern to break a trendline.
2. In H4 candlestick break higher price of previous candle.
3. Open fibonacci expansion and check the next price resistance.
4. Open buy. depends on your money management.

But to immediate turn on decision and setup its quite hard, i takes me a year and burn some of money before i build my confidence.

Bear in mind always in a calculated risk before you take any decision.

Regards
Muhamad Yaqin

GBPUSD Test Water.

Hello everyone

.Here is the simple analysis of GBPUSD. Yesterday i stay away from market and just monitor through my trendline, technically yesterday there is one good signal to short Sell. Daily breakout break lowest previous candle. But today ranging market are to bearish bias. Was sell at 1.59977 with 30pip Target Profit has been set.