d.vezeris

GBPUSD 4H (22.07.2014) American Ses. Chart Technical Analysis

FX:GBPUSD   British Pound / U.S. Dollar
225 1 1
GBPUSD             4H Diagram Technical Analysis shows the following:

The GBPUSD             has made a short term decline under the resistance red line. The daily diagram is neutral to bearish .
MACD is marginally bearish under the zero line and RSI gets 41 trying to reverse.

We have no special candlestick pattern. The price is under the KUMO the Kijun Sen (blue line) and the Tenkan Sen (green line) too.

There is a descending triangle that makes bear thoughts.

Stay aside. Make your movement considering the triangle. Long if the pair stabilizes above resistance line otherwise short under the green line support or the EMA 200.
My guess would be a break south as my FIB levels on Daily and 240 have recently filled their extension levels of 1.618 at 1.7178 and with three failed attempts to push up through the level resistance...I feel a deeper pull-back is due. #FamousLastWords LOL
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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