GBPUSD at support zone. look at the chart , wait for reaction.
looking for a pull back here for GBPJPY tHEN SHOULD RESUME BACK UP
GBPCCHF is approaching our first resistance at 1.2863 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement, descending channel resistance) and a strong drop might occur below this level pushing price down to our major support at 1.2283 (61.8% Fibonacci extension, horizontal swing low support, 76.4% Fibonacci retracement)....
Hi, After 2 Successful Analyse of pound we are here for third one.As you remembered we reached our short target sooner as i expected and we are in middle of Pound Long trade.GBP printed a great candle on D time frame and now i expect a little retrace and then continue upward. Those who missed this long trade can enter it in retrace. Good Luck
Sometimes we have just too much bars on the chart. But even then, it's possible to get what's going on if you give yourself some context. Most important are the real swings. Pitchforks of course project the most probable path of price, show extremes and even the balance at the centerline. So what's up here? Well, price is at the Centerline of the white Fork,...
Fundamentals:- We are taking a short term Fundamental view on the GBP/USD at the moment. The USD has gone from strength to strength for many months now; every so often it will produce a pull back and some profit taking. The short term data has been a little worse than expected and with the MPC changing its interest rate vote recently we could see a continuation of...
small bounce trade. movement still depends on dxy imo
Here's the chart I've posted about the Short in this pair. With this chart, I want to give a more in-depth view on the hourly chart, although I only manage my trades in the original chart. You see the Blocks (orange & red). These are very often important structures. They have their merit, and we can get useful information from them, supporting our decisions in...
Reward/Risk ratio: 2.46 1st TP: 1.44 (TOP OF UPWARD CHANNEL) 2nd TP: 1.46 (PENNANT OBJ) 3rd TP: 1.59 (78% FIBO FROM LAST FALL AND PSYCHO. LEVEL)
We have a strong bullish breakout of the Kumo cloud, a Kumo twist, and a nice bullish RSI divergence. Upper boundary of Kumo along with the Fib level held as a nice resistance. Lagging strand of the Ichimoku graph has not collided with previous prices--yet. This is a signal for consolidation. There are a few possible plays here: a minor channel-based play with...
Hi guys I spotted a fib retracement that hit the 50% retracement line and bounced off. Its headed towards Target 1 on the fib retracement 0.6 I then spotted my previous completed harmonic. We have already hit the 0.3 target so we are prob headed for the 0.6 target. Target 1 is about 100 pips and target 2 about 200-odd
if somebody is looking for a good long-term deal then you are here! There are so many reasons why the pound will stop its growth here. Don't miss the chance. Weekly and monthly positions.
Its been a while since I entered with this setup, but this one had a case with historical support and resistance area coinciding with the 2618. A clear double bottom, right at the level. With a break to the upside (break of the "v" point of the double bottom) followed by a 0.618 retracement - and here we already see some reaction. Targetting retest of the...
Im buying into the strong support showed by 0.618 fib together with 1.285 round number. For target prognosis Im also using fib - same level, 0.618 which coincides with another round number, 1.31.
My bias for this pair would change if this pair attempts to remain below 1.3 and break the trend line. Moreover, 4h might confirm short entries when the trend line is broken. Having had GBP on its lows, It may be time to get back up with an uptrend and far more formations. On the chart, we have an uptrend on the weekly level and also one on the daily level. A...