Possible Double Bottom formation the future if trend retraces back to previous support.
Clear ascending triangle pattern recognisable on daily and weekly timeframes, there is a bullish bias using the 3 drives pattern. With this in mind, and the recent rejection of the lower support line, use a break of the counter trend line to confirm the trade. Ideally price should eventually break out at the to of the triangle, however expect a retest of the lower...
Trend line break and Ichimoku cross. It hit the 100MA and bounced right off it too. I expect it to retrace back to the old support/new resistance and go back down. Keeping an eye on this.
GBP/EUR has formed a flag pattern and to see its seems we have a false breakout, thats represented by the RSI showing overbought, so I would wait for the rebound to lower trendline for support and then the partial rise will be complete and then its a buy. Also the 50 MA is showing support and has crossed over with the 20 MA.Also, the price is in a separate area in...
Triple Bottom on WEEKLY - Analyzing on daily inside the range - multiple harmonic patterns found - Bullish shark before the huge rise
This is a good opportunity for an entry to go long. GBP/EUR is currently ranging in a bullish channel, price is currently at the low of the channel and so far has failed to breakthrough. Stops can be placed just below the trendline and targets are at the high of the channel. Resistance may be found at the bearish trendline that is forming within the channel (as...
We are approaching the top of an upward channel, this key area of resistance is a good area for a sell opportunity. This is supported by divergence, that suggests that the next peak will be lower than the last - which would fall at the top of the trend line. Before placing a trade wait until the candle closes, if the candle closes outside of the trend line the set...
On the graph, there is the triangle pattern, one of the most wide known phenomenon in forex trading, which makes it one of the most reliable strategy as well: waiting for the break through and opening position in the appropriate direction of the breakthrough. Good risk reward ratio: If Long then we can put stop loss at around 1.1659 and take profit at...
First of all this a beginner's analysis. Bullish butterfly on GBPEUR. Im going short and then going long. Input welcome
GBPEUR 1 Day Long Resistance: 1.1800 - 1.1845 - 1.1890 This is not investment advice
I tend to watch trends. Higher time frames show the bigger picture and avoid much of the noise within 30 min and 1H time frames. GBPEUR or EURGBP is at a crucial stage. The following on GBPEUR taken altogether may be indicative (not predictive): 1. Very low cross of Aroons on 1D 2. Vstops (20,4) signalling change of trend on 1D and 4H. 3. Price favouring to...
Price has broken below horizontal and trendline support, meaning there is now bearish emphasis. Support has been found at 1.15, but I am expecting a retest of previous support before price continues to fall. Targets would be the 50% and 61.8% fib levels
I do not know this pair too much, however both are weaks due to news, brexit, etc, Here is a nice possible setup or reversal (Head & Shoulders) let´s see if it happens
Head and shoulders looks like it could come together.
EURGBP has retraced up to the 38.2 fib level from the most recent swing low which has given me an aggressive short entry point back down to the previous lows at the 0.84900 level. We are overbought on all timeframes from the 4hr down which has given me confidence to bag at least 20 pips or so profit from this trade. My mid-term bias however is bullish up to the...
Plain and simple. We have closed below 78.6% support and heading towards 1.1238 / though I suggest taking care at 1.14 as it was the double bottom in 2013 => some support expected/