GBPUSD Price structure analysis 1H
Still bullish on oil. Consolidation taking much longer due to uncertainty of production freezing deal. Could take even longer to break out.
On D chart Usoil we can have a break of this level would lead to a test of a long term trend line and again inside downchannel..
We have a Bullish setup that could be rejected due to the downtrend. At the same time se are close to a triangle that will cause a strong breakout (this one could be in both directions)
It's been a rough ride on the Cable lately. Pair fell 80 pips after the Bear Flag break, rallied 140 pips into the former support zone and was then rejected, falling another 100 pips. Pair is now once again testing the former support zone and appears to be trading in a descending channel. We continue to look for a move into the next support zone above 1.3050. A...
Let see how the UJ will act here
FX:GBPCAD the daily channel is conming to an end, a rebound is must likely.
Is this time 99 resistance to be broken+
GBPUSD is developing a corrective pattern and i am waiting for a buy set up around 1.32 or after descending channel breakout.
USDJPY reached the top of the higher side of the channel and it creates a good RR short towards 101.1 area, the support.
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GBPJPY buy at 0.618 pull back we see a strong rally break previous downtrend channel. it is always good to oberseve when price pull back to 0.618 and buy
I am expecting some correction on this pair after price broke out of a small falling wedge with divergence supporting it.
$P looks like a primed long to break this channel down to upside. Full 1.0 fib retracement. Will follow up w/ daily chart post.
This pair has been trending down on the daily chart as shown by the D1 EMA/SMA's. Strong bearish impulse down shows weakness in the supporting trendline. This setup will capitalize on a breakout down into the completion of a bullish Gartley pattern.