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GBPUSD- Test - Answer

These are the reason you should have not entered Long on the Signals

Reason #1 , Highest Down Wave with linear Pip move after a very long time and that 1 PRL never broke the range

Reason #2 Another high down volume wave. Now that 2 PRL could be a valid entry because that second down wave finished on 61.8 Fib were some reaction is expected.

Reason #3 Not any significant up volume waves.

Reason#4 We are having the 3rd PRL but you are right on the Fib with a bearish background and this equals to a bad move.

1 comment

1 Comment

Great post. I appreciate these homework assignments - I learn much more, and remember much better, when getting the answer after having tried to 'solve' it on my own

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