Hey everyone going a bit cavalier on this one as the gbpusd has run into my area of support and the bulls seem to be holding for the time being a little move to the upside will see me joining a buy to around 1.25000
Price has broken bullish channel. waiting a falling till 0,618 extension of second eliott impulse to go long searching fifth impulse.
Neutral Position - It has hit a monthly trend line which was tested 3 times . Keep an eye to see if that line gets respected or if its breaks through it. Great opportunity.
Today, we have a look at the EUR/GPB on the 4h chart. It seems as though a BEARISH BAT pattern is beginning to form. The valid measurement for a bat pattern are as follows: B: 0.382 - 0.5 ----> (0.416) C: 0.382 - 0.886 ----> (0.7) D: 1.618 - 2.618 ----> (2.609) X to D: 0.886 ----> (0.886) This pattern has formed after breaking out of the ascending channel that...
A combination of Fibonacci and support regions creates an opportunity to buy EURCAD
This is my first post! Today, we are looking at what I believe to be a Reverse Head And Shoulders pattern. It looks as though it has hit a reversal and it touching back to the neckline... If it hits a reversal at the neckline, we can look to putting in a buy position
Typical breakout and retracement play for EURUSD. I'm looking for a short entry at the 1.121 levels after a clear retracement to head lower
Potential Bullish Gartley Pattern USD/CAD long 4 HOUR Take profit at 382 retracement, stop loss below x leg
Potentiol Cypher bullish Pattern-LONG position USDCAD 4 Hour Taking profits at a 382 retracement and stop loss below X leg.
Advanced cypher pattern, 15 min time frame. D completion @ 1.45161 level (Major Daily Support/Swing level) 30 pip T1 targets
PRICE ON THE DAILY CURRENTLY SITTING WITHING A MAJOR BUY ZONE, AS YOU CAN SEE BY THE POINTS HIGHLIGHTED IN SEPT 2015 AND ALSO 2014 ZOOMING IN A LITTLE THE DAILY CANDLE FOR FRIDAY TIRED A STRONG PUSH BEARISH POST NFP BUT THE 8/1 FAN ZONE KEPT IT IN CHECK FORMING A NICE DOJI. A BULLISH DAILY CANDLE TOMORROW WOULD INDICATE A HIGHER LOW AND WOULD INDICATE FURTHER...
Playing the breakout like always. Going to wait for a retracement and proper confirmation before entering into this one. Because of FOMC, becareful entering trades at this time.
Price failed to complete new swing low within price channel 1) Break and retest of descending price channel 2) Daily support held @ 0.98402 3) Daily candle closed as an bullish engulfing previous days + broken daily resistance @ 0.99040 4) Target 1 @ 0.96627 5) Target 2 @ 1.00398
EURUSD Starting to show some strong signs of bullish momentum after a previous strong push down to structure. 25 pip T1 Targets T2 targets??
RSI indicates a clear divergence within this pair and we can also see NZDUSD stuck in a channel. I'm looking to short this pair down to 0.7227 area
The pound rose back up a bit since Brexit. However there are indications that it won't go up that much higher.
A clear triangle pattern could be found on the USDCAD daily chart. I'm going to wait and see where it would break.