Putting my head on a block with this one as there are a few variables to consider in the time that I expect this move to happen but as it stands at the moment the fundamentals are starting to point to the USD long positions starting to fizzle out by Mid 2016 I fully expect the USD to be a neutral currency. The GBP did have dovish comments from Mark Carney...
So I did ride this pair down to the lows we saw yesterday, a few trades and so good pips. Didn't go quite as low as i initally expected but still hit previous points of support and was pretty much inline with the oversold area of the RSI. But from this level it has shown a good move up before. So it could drop lower, but loowing at teh lower time frames does...
Gbp-USd has completed a bearish wave iii at trendline support with a bullish divergence.Short term sellers should be cautious for now.38.2% Fibonacci retracement is expected.Short term buy positions are favorable with stop @ closing below trendline.
Long Limit 1.44 Stop Loss 1.434 Tp. 1.447 1.452 1.463
Hi guys! We might be looking at the trade of the year here, historically this should be at a bouncing point. You might want to catch this!
FX:GBPUSD At this moment RSI still above the previous bottom, forging an eventual bullish divergence... The 113% extension right above the previous trend line from recent structure synced with previous low's Doji from March 2009, the price can hit that line and start to "recover", or break it and try to find another pressure zone below. There, we have an...
As cable reaches it's lowest low since april '15 look for that bounce to happen.
Another look at GBPUSD corrective structure and wave combination. I concluded that we are near to an end of correction with a Triple three completion. My previous count was discarded. None the less, looking for the same direction. But price has to make an strong motive move first before any entry is considered.
FX:GBPUSD SHARK: Point B: 61.8% XA Point C: 113% to 161% AB Point D: 161% to 224% BC 88.6% to 113% XC Target: 38.2% to 100% CD BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD Safe trades; open.spotify.com
GBP/USD LONG FROM MARKET PRICE 1.4842 Stop Loss @ 1.478 1st Target 1.491 2nd Target 1.494 3rd Target 1.509 Good Risk Reward deal...
This is my take on the GBPUSD wave count . I'm quite new to the Elliott wave stuff. Constructive criticism welcome.
Long GBP/USD @ Market Price 1.49175 Stop Loss @ 1.488 Take Profit @ 1.50 and 1.5135 Good Risk Reward deal...
MACD Histogram breached upper side as well as the chart candle breaking the trend. However it seemed to have broken in previously but carried on pushing towards the lower side. But with this situation, the previous 3 surges were very strong green bars + closes. It took a lot of Bear bars to overwhelm 1 or 2 Bull bars. Also due to the feds most recent news it seems...
GBP has gained considerably over the past week. Price not only closed above a strong support but it was also a fib level. That coupled with the fact that cross indicating a bullish move has occured and RSI giving a bullish signal as well. Ianticipate that there will be a retrace close to support ( As it has been doig in the past). The aim is just below the major...
My position is long on GBPUSD with stop reverse 1.4950