We have seen the price line break the 1.40082 support line and have returned to test the 1.40156 level. I expect price to continue bearish for a short term. Looking for sell setup with a good risk and reward.
Here is the Top-Down Analysis of GBPUSD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 48 - Nov 23
M > Market is respecting downward trend-line as resistance. Price reached monthly resistance coinciding with the trend-line, got rejected and dropped. We saw a W pattern, its neck also coincided with 0.618 Fib level on last...
The GBP (or Mr. Toads wild ride) has been choppy and extremely volatile, but... there is a trend underneath all of that madness. The GBP is slowly grinding to the upside. There is a pretty clean ascending channel on the 4 Hour (see chart below). Who knows what the GBP will do in the short term, but the last push to the downside is overextended and without...
RECOVERING FROM THE PREVIOUS DECLINE WAS SEEMINGLY SLOW, WHICH CAN ALL BE ATTRIBUTED TO THE BRETIX ISSUE, BUT WITHT THE DECLINE OF THE DOLLAR, WE MIGHT BE SEEING THE POUND GAINING STREGNTH SLOWLY TO ACHIEVE A NEW HIGH FOR THE YEAR 2020.TRADE WITH CAUTION
Analyzing GA from the daily I noticed price is in a key-zone. Dropping down into the 2hr timeframe allowed me to confirm my decision on direction. Price is now at a pivot point gearing up for the bulls. To add to the key zone I marked off I have a median within the key zone which price has already tested, and failed to break on the last candlestick which is also...
GA is looking to go either way right now, its sitting at a key zone right now, and on the 4hr price is about to close under my parabolic sar which means price is gonna eventually close under the current candlestick on the 4hr. Overall for me I see more bearish indication than bullish, I feel eventually price will pull back and retest to the...
This pair has been in a range for the whole week, respecting the same lows with precision. As mentioned on friday the MA200 still need to be retested and my overall target is 144.000, i will start to identify longs only around 137.500
For the week ahead we could have a potential 150 pips short if the price go back up to 139.000 once again, i prefer to wait at...
Beautiful key level trade setup of a daily zone!
You already see where I'm going.
I'm just mapping out the chart for future setups.
Here are your TPs:
Hello! How are you?
I'm back with another signal!
Ok, let's go to the chart...
I say Buy because of:
1- RSI: under 30.
2- MFI: under 20.
3- It is on a strong support zone right now.
Have a Good Week...
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