Looking for that first clear possible rejection within the ascending channel
First potential reversal point for GBPUSD keep your eyes peeled for an impulsive move to the downside followed by a correction and then the possibility of even further downside
Chart says all. It's a bear rally, struggled to second top climbing up underside of TL, broke below again. Headed lower IMO. I shorted the rally back to close gap (an incomplete gapfill but got close). Next session might bring a major breakdown. Of course a reaction rally is always possible; short the rallies. Not investing advice; trade at your own risk; GLTA!
Descending channel forming a double bottom occurring at support
Can see real upside momentum wtih EU unless something changes with this Coronavirus and there is a 2nd wave causing the stock market to crash again and the dollar to gain in strength. We shall see what happens
Will we reverse here or wait for the 3rd touch lets wait and seeeeee
Believe the corrective phase could be over
Hello Traders, here's an update of this pair. Red is sell zone, yellow is potential take profit target. Like, comment, and follow if you'd like these trade ideas delivered straight to your email in the future. Please comment if you have any questions, and we'd be happy to answer :) Brian Kenya Horton, BK Forex Academy
Waiting for the break of the channel to enter a sell
Similar to AUDCAD waiting for a break to the downside
HYPE3 is currently in what looks like Cycle wave B of (IV). We should wait to see how wave C of (IV) unfolds, and then, buy as soon as we have an indication it is over to ride SuperCycle Wave (V). Since Wave (III) is larger than Wave (I), it is possible for Wave (V) to be huge and an extended wave. HYPE3 atualmente está no que parece ser uma onda cíclica B da...
sell on the break of the corrective flag pattern
Hello Traders, Hope you all are doing good!! Is this the time for correction of EURCHF pair?? 1) Pair approaching overbought zone. 2) Pair is trading in the downward channel . 3) Resistance Zone lies above Risk Point: Price failed to make lower LOWs in the earlier swing on Weekly Timeframe. Please follow me and like if you agree or this idea helps you out in...
Price is really struggling to push higher and forming an ascending channel, with the corrective movement i really am expecting some downside momentum to kick in