VINC on the 15 minute chart was sideways at the top and put in a 20% short trade today which
was straightforward an easy. A 50% partial taken off at the mid-day counter trend then the
remainder of 50% off before the close. Idea is on the chart; see also the previous ideas.
Expecting a full reversal in the pre-market trading and a good intraday trade at least...
we started to have a reversing from the bottom price 0.18$, the confirmation for a reversal is above the 0.24$, which is our current resistant area, after we break that level we going to have a test for 2 profit taking , first around the 0.28$ and the second around the 0.33$.
we need to hold above our current support 840$+, in order to retest the resistant around 947$, and have our breakout and squeeze over the 1000$+, before the split in 2 weeks from now .
First POW reversal strategy trade of the week a GBPCAD long.
Trade details for current trade are shown on the chart.
We are working the 20M time frame on this strategy.
We're looking for the green line which is take profit target.
Little blue arrow is entry point and purple line is stop loss.
Previous trades can be seen on chart.
Trade history can be seen at...
