Good channel resistance, GBP will bounce
Cycling upward with higher high and high lows Entering at lower timeframe - pending buy stop Trading to 1.2900 level
Potential reversal trade with bearish pin bar formed on daily chart. Take Profit Target at recent recent high.
Hi everyone. Strong sell currently in progress on this pair, but wee could see some support in the coming week. One to watch.
If we see a close at or beyond the current level, then I will engage in a Buy set up. R:R is 2:1. Pull back requires and stop loss is 5 pips below the lowest candle in the 2 x candle signal, which in this case is the low of the black candle.
Possible longer term here bullish opportunity on the Pound/Canadian. The GBPCAD has recently broken out of a down trending 'channel' on the H4 chart, and coupled with the recent explosive move after the BoE's interest rate comments last month, we might be seeing an inverted head and shoulders pattern potentially forming as well. Looks like a little bounce at the...
Strong deviation from the yellow line indicates an overall bullish market. A pullback to the yellow line is needed one more time (the yellow line acts like a magnet). -Could go up in the short-term, future clouds indicate continuation of uptrend (still an overall strong bullish market - current state is above the clouds), but it has to make the trip back to...
Price is at the top of the downward trendline. Shorting here with target at 50% retracement (46.20)
In this analysis, I believe that the market will make a 38.2 retracement of wave A. (WAVE A: Bullish commencement - Potential Bear Wave/Consolidation ) Note that the dashed lines within the 38.2 area represent a channel of past support and resistance. If my hypothesis is correct, then the market will return within that area. I'm mainly focusing mainly on...
D1 has a pinabr and I'm shorting it after the initial move down. looking of a retest of the Break even point of the pinbar, Will need to see price action to enter
Nei giorni passati abbiamo assistito ad una rottura a rialzo della trendline, oggi c'è stato il retest della trend, quindi possiamo provare a comprare questa coppia con uno stop relativamente stretto rispetto ai possibili take profit, rispettivamente di TP1: 114.28 e TP2: 117.64. #enjoyyourtrading
My other view USD/JPY after breakout in time frame D1. Thanks
Strictly technical outlook // Inverted Head and shoulders + Bearish Butterfly // Follow this Idea for updates on entry and exit TP1 0.99 TP2 1.011 TP3 1.017 ENTRY 0.98 SL // Use proper risk management //