GBPUSD trying to go bull.. If go up, target is 1.31400 or maybe higer 1.31550
The price breakup the triangle formation, then is testing the broked area that is the 62% fibo retracement.
Daily - We can clearly see a descending broadening wedge, which makes this pair Bullish in long term, however I would like to see this pair hit the bottom of the wedge before it heads up, if we do break the blue trend line, its a safe to say to sell after a small consolidation, if we don't then we shall continue heading up. 4hr - The 4hr time frame also shows a...
Hey Traders, I'd really like to know what any Faders think about about this chart. July 2016: Lowest Low Recorded Ever. What do you think is next based on your experience and expertise. All opinions are welcome!
Overview: The Gold markets rally during the course of the session on Friday, touching the $1350 level. At this point in time, Gold sentiment is bullish and market is ready to go higher, as buyers are still interested in the market. The main trend of Gold is bullish on charts and and market is sustaining above the 100 days moving average on its 4 hourly chart. It...
Hey Guys, GBPUSD has broken the support zone marked around 1.3120's to 1.3150's. As the support is broken we can look out for bearish opportunities to short. If we get pullback to retest the above support turned resistance zone, after confirmation we can initiate short positions. As the support is broken in GBPUSD we are in clear bearish trend. Sometimes market...
We broke the support level at 1.32406 on the 5 minute chart. We have a SELL signal! Good Luck Traders!
Pivot: 1.4430 Most Likely Scenario: long positions above 1.4430 with targets @ 1.4650 & 1.4700 in extension. Alternative scenario: below 1.4430 look for further downside with 1.4350 & 1.4300 as targets. Comment: the RSI shows upside momentum.
We have dual pattern formations in GBPUSD daily timeframe. Bullish bat pattern and Bullish deep crab pattern but both the patterns gets completed in same area. In daily charts of GBPUSD crab pattern is not visible very clearly but when you move down to 4hr charts crab pattern is very clear and Bat pattern also completes in the same zone of crabs D completion....
Pivot: 1.4130 Most Likely Scenario: long positions above 1.4130 with targets @ 1.4230 & 1.4285 in extension. Alternative scenario: below 1.4130 look for further downside with 1.4085 & 1.4050 as targets. Comment: the RSI lacks downward momentum.
Pivot: 1.4190 Most Likely Scenario: short positions below 1.4190 with targets @ 1.4085 & 1.4050 in extension. Alternative scenario: above 1.4190 look for further upside with 1.4285 & 1.4360 as targets. Comment: the RSI lacks upward momentum.
Pivot: 1.4110 Most Likely Scenario: long positions above 1.4110 with targets @ 1.4285 & 1.4360 in extension. Alternative scenario: below 1.4110 look for further downside with 1.4050 & 1.4005 as targets. Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
GBPUSD is in bearish trend for sometime so we are expecting a movedown as trend continuation trade. There is another part of GBPUSD analysis done based on daily chart in higher time frame, this is breakdown of the same analysis and shown how to enter in Hourly basis. We are bearish in GBPUSD, so keep this in your radar, check your plan and enter the trade Happy Trading
PLAN TP = 1.49-1.50 (fibo 161.8, Day) From every timeframe, it shows up that it is very bullish. follow buy or buy on dips.
GBPUSD: Daily Chart It is the 3rd wave (3-3), So it can trade with easily set up. Buy anywhere with cool RR.
PLAN Next week Watch out this price if it can break TL and go down It will end the impulse uptrend and going to downtrend. I will wait for break TL (Buy1) and, maybe, it will TB to meet TL again (Buy2).