Yes! This will be the archtype of setup that I want to trade and be involved in! Trading the big picture with entries like a trader , but holding like an investor. The thinking of this trade would be my attempt in understanding what the Scotland opinion pole would mean when GBP gapped down on Monday. I was given the explanation of FA playing out via this poll. but hey , how can opinion poll be considered the final outcome when the actual voting had not been concluded yet?
Hence I saw this as a chance for price to be pumped up. on the technical charts, it just went to complete a D1 ED channel 1234 pt4. Kind of amazing, but after this episode I have developed a further insights on Fundamental , Technical and Sentimental Analysis.
D1 big picture
It all starts with this big picture view of the trend. Month to month , trend is down, but recent 2 months have seen a ranging condition, until week 37 when the referendum opinion poll pumped up prices to the optimum zone.
h1 moveability Fractals concept
by 10th Sept , a channel within channel setup had occurred. I am thus now attempting to trade big pictures by using the concept of fractals.
tracking through tradingview