AnonJ

AnonJ

RSI is very low and this support dates from years. probably going up till next major resistance

AnonJ

Above previous resistance at 1.3. triangle forming and support at ABCD pattern fib lvl 0.382. probably going up. sl right below major previous resistance and new support. tp at 80% of triangle side length.

AnonJ

RSI is relatively low and price reached major support. will probably jump back to next resistance. almost 3 reward/risk ratio.

AnonJ

good 5+ reward/risk. ABCD retracement: CD fib 0.382 support matches with major support (black). reached minor trend resistance (blue). RSI is pretty high too at ~65.

AnonJ

price is above 2 minor S/R levels (blue), going to reach next major resistance (black) before bouncing back

AnonJ

support retest candle body supported at fib 0.618. current candle body supported at major S/R at 1560. overall trend going up. tried to breach major resistance few days ago.

AnonJ

now long. triangle forming and minor support is close, probably going up to next major resistance then impulse to the bottom major resistance.

AnonJ

big impulses are recorded by blue lines and forecast is upward to next 'big impulse' resistance while retesting trendline resistance from previous support

AnonJ

Current RSI is right below 30, suggesting the pair is going up in price, in addition to 2 support trend lines. It's probably going to next S/R above.

AnonJ

many supports at 0.6632: fib 0.382 + support ascending trendline + horizontal support SL at fib 0.236 and TP at 0.671

AnonJ

Body supported at fib 0.5 and wick supported at 0.618. Retest of S/R level as support. Going up to 1.618 considering it's another S/R level also or to 1.272 for same reason.

AnonJ

Going to the above S/R level as shown due to reaching strong aged S/R and double-bottom. Entry at 1455 and exit at 1476 for 75% of trend.

AnonJ

will bounce on horizontal and trend line supports and stop at horizontal resistance

AnonJ

so many confirmations! cup with handle, support and support trend line.

AnonJ

will meet intersection of trendline and fib 1.618 then bounce up to support that will become resistance

AnonJ

update on GBPCAD. my last post was analysed using the 1D chart and concluded a buy. this one is on 1H and also concludes a buy, thoughts? would it go as expected? at least go up to the side length of the triangle?

AnonJ

follow the red arrow. the red trendlines show a point of support that intersects with a resistance that should become a support. 2 confirmations + the sudden fall after the cup that should boost it up.

AnonJ

Found some interesting forecast drawing trendlines on 1h chart. Thoughts?