GBP Weekly and DailyAbove levels shown, trend will reverse upwards towards September 50% levels once price is trading above the Weekly balance point....
GBP Trades this Week :-Monday looking for support and a reversal towards the 5-day 50% level (90 pips)
Stopped 22 pips
Same pattern on Wednesday...
profit 22 pips stopped on trailing 7 pips
But continued higher completing the 90 pip range after being stopped out.If I relied just on GBP this week using probability patterns and my own time zone, it wasn't pretty as I was a nett loser.
Finally on Friday there was a reversal into the 5-day 50% level and rejection down.
This is why it's imperative to monitor a number of different spreads.
Monday Report after 11am
