GBPUSD, as we see, is in 1 and 4-hour consolidation currently we are at the bottom of the range I nice pin bar or a bullish engulfing candle at the bottom we can enter to trade it up to the ceiling of the range. if price break and close below the range line the trade is invalid for me.
Hope you guys can a nice move there.
this triangle is going back to our highs of this year over all we have just gone sideways an i really do think this is going to break up every one i hear on youtube twitter are all bearish again everyone is looking at the 8,5k mark like its going to happen today the overall trend is still up so im long at 10k have already taken profits on target one so we will see...
sorry my earlier idea was done on the daily the cup an handle i was trying to show was on the 1 hour to 4 hour but as you can see we are working are way up off the bottom of the handle but volume to me doesnt look right we should be looking for a move back to 10.5 11k we will see how the over night hours are
The market was just moving up for the recent candles.
Now it reaches the next resistance level.
We expect the market to pull back.
We recommend to sell with a risk-to-reward ratio of 1 to 4.5.
But wait for the reversal pattern :)!
Thanks and good luck!
Bitcoin looks like it could have a small bounce to the 10600 region?!
Bullish divergence RSI
MACD is crossing to become neutral
Longest leg of the move showing the acceleration to downside may cause a bounce.
R/R ratio is too good to pass up.
In terms of momentum this trade is risky, as everything is neutral bearish, but with a divergence and a smallish stagnant...
Chart time frame - H4
Timeframe - 1-4 Days
Actions on -
A – Activating Event
Market will meet resistance in zone @ 0.6945 - .... and fall to the 0.686 . In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @...
We see a clear downtrend parallel channel including a double bottom on the support line. The sharks have provided us with perfect hints which brings us greater decisions to predict where the market is going to move next. just keep it nice and simple :)
The market is moving about the 200 MA, so we're looking for buy opportunities.
Propably the market will bounce at the resistance (1.26600) where it is now.
We recommend to buy at the resistance with a risk-to-reward ratio of 1 to 4:
Thanks and good luck!
As with earlier post, the price seemed to may it's way higher without pulling back into my Buy Zone.
But there's no change in the behavior of the Price Action. That keeps my bias stronger to the Upside.
Also, the recent Rally is coming after a couple of days of Consolidation which will probably lead to a healthy rally further after the Pullback.