TRADING IS SIMPLE ... (TheRumpledOne)

One to watch Bro - I think that even you would agree with this fine example of a trade set up ---- A Market Update on the Gbpusd Pair Spot Price 1.3828 I have over ran the Low Support Level for same strange reason - Present Support Level Should have been Expected at 1.3765 carrying any overbought value to the Lower Support Level at 1.3723 "My attention has just this minute been woke up" - So there has been A Price Adjustment - By this I mean A Charge in Price Direction - The Derivative is now at Uptrend Phase - Towards Monthly Chart Cycle Highs at 1.5816 : An Added Note for the More Advanced Trader among you : There are 2 Resistance Levels to watch out for at 1.4266 & 1.4838 Lets see if I`m right - This is A Breakout Trend towards New Highs at 1.5816 So should prove of A Straight Forward Trend without to much difficulty. --
Please plot out the relevant Support Level or Resistance Levels as mentioned I think that you will find that this set-up will work for yer you have plenty of time.
 
Here`s some additional food for thought - Eurusd Pair Spot Price 1.2309 Support Level is allocated at 1.2150 as of this morning. High Mark & Close Bar is Expected at 1.3586 or thereabouts give or take a few pips of overbought value. - Rates looks Good to Go - At Buying into the Trend - Use below Low Bar & Support Level at 1.2150 as stoploss placement once the Price has Move On. - As Added Note: To Advanced Traders - There are 2 Resistance Levels to watch out for these are at 1.2552 & 1.3041. - This is A Breakout Trend High from the Current Low at 1..2150. So should prove to be A very simple Uptrend Phase without any complications. --- Market Commentary provided by A Market Theorist. - Please plot out the relevant Support Level or Resistance Levels as mentioned I think that you will find that this set-up will work for yer you have plenty of time.
 
peter matthew matty said:
Here`s some additional food for thought - Eurusd Pair Spot Price 1.2309 Support Level is allocated at 1.2150 as of this morning. High Mark & Close Bar is Expected at 1.3586 or thereabouts give or take a few pips of overbought value. - Rates looks Good to Go - At Buying into the Trend - Use below Low Bar & Support Level at 1.2150 as stoploss placement once the Price has Move On. - As Added Note: To Advanced Traders - There are 2 Resistance Levels to watch out for these are at 1.2552 & 1.3041. - This is A Breakout Trend High from the Current Low at 1..2150. So should prove to be A very simple Uptrend Phase without any complications. --- Market Commentary provided by A Market Theorist. - Please plot out the relevant Support Level or Resistance Levels as mentioned I think that you will find that this set-up will work for yer you have plenty of time.
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Sorry for troubling you Bud - All the Best.
 
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