GBP/USD BUY SETUP. PRICE IS FINDING SUPPORT ON THE UPTREND AND MONTHLY SUPPORT. THESE ARE THE CONFIRMATIONS I'M WAITING FOR. -CANDLE TO FINISH OUTSIDE THE SMALLER COUNTER DOWNTREND. -IF IT CONTINUES TO BREAK THE UPTREND I'D BE LOOKING FOR A BREAK-RETEST ON THE DOWNTREND.
The deeper it retraces, the better the RRR. I wouldn't enter unless I saw a good reason such as a 3 bar reversal or double bottom, etc. .618 does give us the possibility of a 1:1 RRR ***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice....
The market made an excellent upward movement during the last week and started a correction. After the falling, the price reached the cloud where we should expect further price movements which will provide us new trading opportunities. For buying, the price will have to bounce from the cloud, and it will be a signal for opening long positions with the profit...
Price broke u key level $1320 I think that price will continue up move Because: - long - term trend is bullish - NEar $1320 is a great place to open buy with low risk
Evening from the UK. Let's talk Trend lines. Hopefully you all use trend lines within your analysis but on this occasion we have a descending trendily break. As you can see we have had a good 3/4 swing highs where price action has touched the top trendily found resistance and continued the bearish leg. This Bear leg could now become exhausted which may lead to a...
This Pair is definitely looking promising with the ichimuku signal! we shall wait and see what happens you can see my stop loss and take profit.
Near 1.4917 I will open sell if the price will make a fake broke 1. Daily trend is down. 2. Key level from which price bounced several times. 3. Daily candle broke key level down and close under it. I think that price has a chance to drop down to 5 month low 1.4760 Near that level, there could be a good buy entry.
Price can make a pullback up from key buy zone Near 1.1289 is a good place to open buy with low risk Goals 1.1327 and 1.1392
It's likely that wave (iv) is going to end soon as a zigzag, so we're about to have another decline.
Video Overview on EUR/USD
It seems like we're going to have the rest of the first wave soon.
After an impressive rally for the pound for the past 10 days , immediately after the parliament vote on the Brexit deal, the pair has reached some key levels. It is currently trading at 1.310493 right at resistance level. Currently the pair is overbought according to the MACD and RSI indicator. I expect the pair to have a pull back from this level and get close to...
Let’s talk about GBPUSD. The market reached a very important resistance zone formed by 1300.00 level and the downtrend line. We can see that the price bounced from this resistance. A strong bearish candle confirms a price reversal. The same goes about RSI and MACD histogram. DMI shows that bulls are not strong now and they can’t push the market above the...
SHORT with high conviction (- - -) Entry: At market SL: 1.2915 TP: 1.265 Indicators shows room for further downside along with a good risk reward! Follow the arrow. Have a great week everyone.
The Pound looks like it could move higher off the current Super Pivot Stack support. What makes this convincing is it appears to be a key reversal off the Hammer candle with the rally through all pivots, particularly the Monthly Pivot. Go long, only on strength, if the price breaks out at 1.28020 and place a stop loss at 1.26140 and a profit target at 1.31610