Hello traders, I want share with you my opinion about British Pound. Observing the chart, we can see that the price a not long time ago declined from the 0.8570 resistance level to the 0.8520 support level, which coincided with the buyer zone inside the range. After this price rebounded up from the support level and rose almost to the top part of the range, but...
Simple Trading: 1. Perfect inverted head and shoulders 2. Pull back to the .382 of impulse 3. break above Monthly resistance with a strong higher high above .382 4. Restest to breakout zone/monthly Resistance. Do not overthink it. We are in a bullish market with clean higher highs. Pay attention to previous high zones (yellow lines). The target is place for 200.000.
Hi Traders ! On Thursday 22 February, The GBPUSD Reached Resistance Level. The Support Line is Broken. Let's Expect The Bearish Scenario: If The Market Breaks The Higher Low (1.26116 - 1.26284) and Closes Below That, We Will See a Bearish Move... TARGET: 1.25500🎯
Hello Traders ! On Friday 09 Feb, The GBPCAD Reached a Support Level (1.69320 - 1.68928). The Price Formed a Triple Bottom Pattern. The Neckline is Broken. The Resistance Line is Broken So, I Expect a Bullish Move. TARGET: 1.72000🎯
Hi folks today I'm prepared for you British Pound analytics. A not long time ago price declined to the 0.8520 support level, which coincided with the support zone, and at once rebounded and started to move up. But later, GBP turned around and made an impulse down to the trend line, thereby breaking the 0.8520 level. After this movement, the price entered to wedge,...
Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price some days ago rebounded from the resistance line and declined to the support line, breaking the 1.2550 support level, which coincided with the buyer zone. But soon, GBP turned around and started to rise near this line to the resistance line, after...
EURGBP is technically bearish on the 1D timeframe (RSI = 37.174, MACD = 0.000, ADX = 32.150) as it is extending the selling since the December 28th 2023 High near the top of the 1 year Channel Down. For the last 3 days it has failed to cross over the 1D MA50, even though it got too close, and a rejection today can start a bearish wave of minimum -1.78%, much like...
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Some time ago price made downward impulse from resistance level to $0.8555 level, which coincided with support area. Later GBP started to rise near support line and rose back to $0.8700 level, but then price turned around. After this, price entered to falling...
Hi folks today I'm prepared for you British Pound analytics. If we look at the chart we can see, how the price rebounded from the resistance zone, which coincided with the 1.2715 resistance level and declined lower, but soon it turned around and in a short time rose back to this zone. Some time later GBP started to decline from this zone again and fell to below...
We can see here a huge inverted HS and a double bottom (blue arrows) forming. I thinks all of this is going to push up very hard and break out the resistance from 08/2021. I'll wait for a pull back to buy, right now is too close to the resistance. Every time it pulls back to the trendline I'll add.
Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊 A not long time ago price entered to flat, where it first broke resistance level, which coincided with resistance area. Then GBP declined to support level and at once bounced up to resistance area, after which in a short time fell back. Price rose to resistance...
GBPUSD at 4h time frame we have FVG area i think it will rise to FVG area and after FVG taken price instantly will drop to 1.25800-1.25200
Hello traders, I want share with you my opinion about British pound. Looking at the chart, we can see how the price recently started to decline in a downward channel, where it soon fell to the support line and at once bounced up to the resistance line of the channel. Then GBP turned around and declined to the 0.8570 resistance level, which coincided with the...
As We Talked in The Previous Analysis: The GBPCAD Reached a Strong Resistance Level. The Price Formed an Expanding Triangle Pattern. Currently, The Higher Low is Broken. So, I Predict a Bearish Move📉. TARGET: 1.69320🎯
As We Talked in The Previous Analysis: The GBPCAD Price Formed an Expanding Triangle Pattern. The Higher Low is Broken. Currently: The Price Pull Back to Important Structure and Formed a Head and Shoulders Pattern. TARGET: 1.69320🎯
FX:GBPJPY I have determined the harmonic pattern target on the chart; I wish you success. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck
Hello Traders ! Yesterday, The GBPUSD Reached a Strong Resistance Level. The Price Formed a Double TOP Pattern. Currently, The Neckline is Broken ! So, I Predict a Bearish Move📉 ------------- TARGET: 1.25500🎯
🏃♂️ GBPCAD is moving near 🟡 Potential Reversal Zone(PRZ) 🟡and 200_SMA(Daily) . 🌊Regarding Elliott Wave theory , GBPCAD is completing the Expanding Flat(ABC/3-3-5) corrective structure. 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect GBPCAD to rise to at least the 🔴 Resistance zone(1.715 CAD-1.700 CAD) 🔴 after...