Free forex signal

Story of the chart

• cable formed bearish butterfly pattern,it's should complete around 1.27%fibo if extreme could reach around 161.8%fibo zone
• reversal harmonic pattern
• doji candlestick pattern,means price should retrace or reverse with confirmation break out 1.9890
  
• following 2bear candle

trading strategy

sell at market price,top loss 2.0 1st target 1.9890,2nd 1.9830,3rd 1.9730

in case price break 2.0 then bearish butterfly pattern could extend toward 161.8% around 2.0070 to 2.0100 before retrace or reversal.

2nd option,don't place stop loss after sell but place buy stop around 2.0 toward 2.0070,adding more cover buy if price exceed 2.0130 toward 2.0460 maximum target,then more selling should be around 2.0350 to 2.0450 toward lowest target around 1.9330.add more bid below 1.9890 to hit around 50 to 150pips target.

I would like to change a strategy for pound to protect our capital,because the pound make a strong bounce last week and look like bigger term still have a trial toward 61.8% fibo zone from 2.1143 to 1.9330 around 2.0465,this is only a first warning,while minor time frame look like to prefer selling option now,but a weekly study sign a rise is strong and have a potential to make 1more high above 2.0398 before another big fall.

for the best entry i would update intraday chart before us opening market everyday to update the latest story or potential signal in a nearer term view.