The GBP/USD is moving as was analysed before and the pair is forming the Head and Shoulders pattern. Also , Three Inside Down pattern suggests that the price is going to continue its fall and EMAs pointed down as well.
GBP/USD Is above a major support, we should be able to see a reversal from here,My first Take Profit will be 1,2500 then 1.26000.
Nice R/R for this trade, follow my guidelines and compare them with your own!
This is not a financial advice just my personal thought.
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GBPUSD H4 CHART
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The daily chart does not look bullish and the price is not far from the resistance zone. It means we can search for selling opportunities using the hourly timeframes.
For example, the 1H chart gives us trend reversal signals based on the triple top and a double bearish divergence.
If the price can stay below 1.26500 and it breaks the local support line formed...
I am new to trading so I am open to any feedback on this analysis.
GBP/USD 4H chart has displayed a double top pattern which could suggest a potential sell entry.
Look for the break of the neckline before entering.
Perhaps set a target at the 1.25140 level at the 38.20% fib level
Hello Traders,
Hope you all are doing good!!
This is the current week plan of AUDUSD pair.
My Bias is SHORT for this pair due to below reasons:
1) Price got rejected by daily 200MA.
2) Price got rejected by Weekly Resistance line.
Watchout for the Bearish Signal after breaking the below trendline.
The first TP will be at .38% Fib Retracement of June end Up...
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my...
Hello traders, here is the analysis from our team :
We feel. The 1.25550 is our buy in.
However . We need pullback above line to enter. Break of line.
Pullback above. Ebtry on low of candle, Then re break of High.
Only for today (short Term)
Let us know in the comment section below if you have any questions.😉
The forecast for GBP/USD happened to be correct. The pair has recently bounced from the Support and the price is rising forming the Head&Shoulders pattern.
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my...
Quick scalp in GBP/USD here targeting 1.2530
having respected the uptrend on the 15-minute chart there is a chance to take a quick 30 tick scalp.
Stops should be run tight through 1.2487
Good luck one and all
Elliott
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