FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
44 0 2
On the Monthly TF we can see:

We're trading below the MA's indicating we are in a downtrend.
We've spiked above MA but was forced lower.
Looks like we're forming a hammer . Possible reversal?
At price 1.57085 is the 61.8 retracement. So we could find support around here.
We're currently trading at 50% fib. AB=CD to 1.272 is a possibility.

On the Weekly TF we can see:

A huge Bearish marabuzo candle, indicating we have further downside potential before a reversal

On the Daily TF I am waiting for a close above 50% fib in order to take a long position.
Also i'll be monitoring PA and MA's on the Lower TF's in order to spot reversal patterns and signals.
-Targeting the AB=CD Completion.

This week should be interesting, tonight with BOE announcement and also the NFP out on FRIDAY.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out