Financial Markets behave similar to the ocean...it produces waves ...just as much as the ocean doesn't flow smoothly to one direction ...financial markets too have high or low tides...and a high tide in this case a bullish market is a series of lows and highs its not straight highs always :-) this has taken me soo much time hectic days, long nights,,,,,learning...
Trend continuation trade. Price moving in consolidation. CHF have been weakeing since a few months because of its overvaluation. GBP might loose bullish sentiment as a whole but in my opinion will remain stronger than the cable. Breaking above consolidation. Targets 127.2% or 161.8% fib extension. Good Luck
EYEZ ON FX:GBPUSD $$$
BULLISH LONG TERM TREND
BREAKOUT FROM EARLIER HIGHS ? OR A BREAKOUT FAILURE ? BULLS ARE STRONG ON CABLE SINCE BREXIT DOOMSDAYERS
OANDA:GBPUSD IS DOING WHAT IT DOES THE BEST $$$
Gbpusd - H4 - Here's an analysis of a trade signal given in my privare group. Over here we a have a Buy signal for gbpusd pair which we entered at 1.4140 with stops at 1.4080 and tp 1.43 - 1.44. Ball out!!!
Bull Flag / Pennant on the daily/4h time frame, simple long off retest of Trendline. Cable has been lagging for a while, I think it's time for sterling to shine.
Feb 12, 2018
GBPUSD's price action just bounced off on Friday on a strong technical area of interest. There lies a confluence of 31.8% fib (2018 High and Low), ema50 as support, and an rsi divergence.
Go long on shorter time frames. Look for an opportunity to enter long.
Updates shall be posted on the comments. Stay tuned!
Initial 15min downtrend was previously pierced, but now it has been broken. A new 15min Uptrend is beginning. This will continue possibly until the 1 hour downtrend line already in motion. Notes:
- Buyers are pushing to break the 50% retracement point (bullish)
- Possible ascending triangle up to 50% retracement point (bullish)
- 15min Uptrend in motion with...
In line with yesterday's bullish call, an initial setback attracted fresh investor demand. The result was gains of more than a big figure, a 3rd up day in a row and the most positive closing price of 2018. Once again, overbought extremes are a cause for concern, but currently setbacks are bought, although the depth can be difficult to determine. So, this morning’s...
I'm not usually the one to go long in Cable. But, this might be something. Made a Fib here and we're aiming for the 78,6% level. Be very careful thou on this one, follow twitter on brexit news. put a very tight stop.
Good luck out there.
Price is making HH an HL in the bigger TF (weekly) for a long time, this possibly a HL + Double bottom, we can see some kind of exhaustion in the 4hr TF. Safe way to take this trade is to wait for the price to break out of the yellow zone. If the price brakes out up and close above i will consider this trade valid.
Hello traders,
Another good setup is forming in FX:GBPUSD . It looks like a big bullish flag and I expect it to breakout to the upside. Tomorrow is the UK GDP so if its positive expect it to break to the upside. I'll keep the post updated.
It appears that a solid bull trend is forming on GBP/USD, ending the trending renge between the 1.33 and the 1.30 area started in October. The brakeout of the 1.33 area will be the signal for the buy. Then the next two resistance will be at 1.346 and 1.362.
Price has pushed down, retested and rejected / respected the ascending Trend line.
We have been creating higher lows as highlighted. Price needs to break the Daily level of 1.31250 and ideally break and close above the daily trend lien to establish the change in trend.
swing target of the 1.40440 level
Cable has been respecting the ascending Monthly trend line as highlighted with lots of Higher highs being created.
This month not only was the ascending trend line respected and rejected with a very long wick, we also closed above the Descending trend line.
on the lover time frames we have a strong 0.618 retracement on the Daily.
I think we could see the pair...
