Hey guys, We can see another rising wedge pattern on GBCHF on the 1h timeframe. It also made a breakout to the downside. We could see a possible retest but i feel it is a strong sell area from a technical standpoint.
The pair is forming a new trend channel and it is reaching the upper side of it. A down movement is expected. Take your profits, when the price reaches the other side of the channel. Please like and follow, if you find my ideas useful. Thank you for your support Good Luck and Good Trades
looking for a confirmation to BUY on lower timeframes ( 4H-1H )
Its a target of 250+PIPS and its confirmed by our rules (Strategy).
Wait for the next 6-8 candles to complete a corrective phase before hitting down to the downside. Enjoy this trade! :-) Comments, contributions, suggestions etc are always welcome! Forex Guru Wealth Academy
I've noticed a clear trend leading up to 6:30am pacific time USA stock market open time, I think people are hedging currencies in order to trade in different markets. You can ride it down then up more days than not check profile for more examples
GBPJPY Been waiting a few weeks for the current uptrend to show signs of fatigue. Two very important MAs for this pair have crossed confirming that the top has been found IMO. Price has now tested MA20 as resistance below the MA50 Setup for Short order will be after current 4H closes bearish. SL set to top of previous 4H candle 145.746 + Spread TP when price...
Still major downtrend on GBPNZD, and price created new lows... in terms of new poss. opportunities (to take advantage) of poss. down move we would like to see rejection and bounce from resistance close to 1.77 level, and then wait for poss. opportunity based on our trading rules. Target at least pr. lows... If price will come back above horizontal S&R - time to...