Im looking at the Gbp usd to continue to trend from the underside towards 1.27500 resistance before sellers get to gain control again. The 1.25500 resistance area need a big strong push through to reset recent data and continue up. Will keep posted with updates
Pair’s sharp recovery form 1.2346 and a move back above 1.25 suggests the sell-off from 1.2706 (Feb 2 high) has made a bottom at 1.2346 and the pair could revisit 1.26 again. Bearish move is seen gathering pace again only after a daily close below the 50-DMA
Here i have gu. prices seem to be respecting that line on daily timeframe. i am looking for a possible long if i see that line is still being respected. if we see a break of that line i could possibly look for a short entry. i really want you guys to comment what you think and help me out on what i should do and dont. thanks!!
Bullish formation (Coil, breakout, above flash crash levels). Post US election, GBP has seen steady gains against the USD which has itself rallied against major currencies (EUR, JPY, AUD, CAD). UK Brexit looking less and less of a concern for investors as economic indicators are consistently beating expectations. Dire consequences have been priced in which are...
SIMPLE IDEA HERE. WAIT FOR THAT LAST BREAK OF THE HORIZONTAL LEVEL AND PLACE A BUY LIMIT ORDER FOR THE RESTEST. LET ME KNOE WHAT YOU THINK! CARLOS
We got many short opportunities in major downtrend direction. For adding to existing short positions on GBPUSD we re waiting for a new retracement back to the resistance area. BUT price must stay below area of 1.28500
We have more evidence for reversal in the EUR/GBP pair. The action over the last three trading days has resulted in formation of Evening Star candle stick pattern, which is a reversal pattern. This officially marks reversal of the rising trend from September 6 low of 0.8334 and adds credence to the exhaustion near confluence of key technical levels and ...
This pairs has double bottoms and it has reached record lows in monthly and weekly charts.. look for this pair to go on a uptrend..
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...
I think GBP/USD is forming correction pattern "FLAT" and we are in the C wave of flat. Expect sharp fall will coming soon. Is this scenario tell something about "Brexit" ? Who knows. Time will tell. Trade with care. Cheers.
Hey guys! Found a Rising Wedge Pattern right here on the GBPUSD Daily chart! Soon to be completed! Watch for the breakout! What influenced my decision: -Falling volume A rising wedge should always have falling volume, this shows that there are a decreasing number of buyers, which gives conviction that the pattern will fall. -Really Strong Downtrend (both of...
GBPUSD Wait to buy at the support zone Wait for Reversal Bullish Candlestick or reversal chart patterns in smaller TF like 1h at support zone alike to invert Head and shoulders , follow buy when price breaks resistance line Take Profit at Key Resistance + Supply Zone = Green zone Hey guys! On your own risk! Good Luck
currently we have a powerful uptrend which can reach it's end @ 1.46 and then pull back