Time for a correction before further upside
your target is 1,17 your SL is 1,26 see you at the next trade
I am not seeing any fundamental reasons right now for the pound to break recent swinglows around 1.20 thats why i am seeing this downmove from 1.2750 towards 1.2200 as a textbook buying opportunity. The 5 wave downward move has ended for me on 1.22 and the market made an impulsive move higher towards 1.2370 taking out several resistance areas. So 1.22 shouldnt be...
Sell area is 0.236 Fib of last big move and 0.382 of Fridays move. Target is 0.618 of last big move and previous support
we are in Bearish territory again here are scenarios to short you can also short NOW
So here is another gbp pair in which we can highlight the possible GBP growth. We have all the technical data here to consider a long with a good risk/reward ratio. Here are our plans: Plan A: we buy gbpnzd during todays trades and keep it until the price shows weakness. Stop-Loss: 1.79163 Take-Profit: 1.89319 Prfoit ratio: 3.03 Blan B: anyway we need to...
SETTING UP FOR A POSSIBLE BULLISH MOVE NEXT WEEK. WHAT DO YOU THINK? ALSO VIEW THE WEEKLY CHART FOR CONFIRMATION. PEACE AND SUCCESS AS PATIENCE IS KEY IN THIS TRADING BUSINESS !!!!!!!
GBPJPY price stalled at support area and formed the formation I call "The Box". Usually, it foregoes a bigger move, so when the price exits this yellow rectangle, we may see it going fast towards next support or resistance area.
For now on monthly chart we need to focus on BLACKA PARALLEL CHANNEL for any direction. If it hit upper black line then go short. Going long in this weak pair kinda risky now, even though it has been over sold and limited bounce is very common. The second channel can be the between the solid red line and the solid green line for more trading room. But either...
GBPJPY continuation uptrend up +- 140.000 Strategy to trade: Buy low - never Sell long
After careful consideration and analysis, I am continuing my bearish sentiment towards GU. Yesterday, we saw price surge to a new 31 year low ( 1.27890). When looking at how price has behaved since then, price jumped back to nearly cross 1.300 before making a few more attempts to drop. The overall view is a bearish flag pattern taking shape. Pending order set...
Hey Traders, I'd really like to know what any Faders think about about this chart. July 2016: Lowest Low Recorded Ever. What do you think is next based on your experience and expertise. All opinions are welcome!