It is possible to form the descending model 3W.
Possible to turn downwards with the target level in the area of the support level.
Bulls getting exhausted. This was simply a short squeeze with no fundamental catalyst. Strong bearish divergence on 4H chart. Fundamentals should come back into play. Brexit likely to have negative effect on UK growth. Monetary policy divergence vs Fed and global USD shortage remains. Real money will begin to flow out of the UK, serving as the catalyst...
The pound has formed a long-term consolidation. We trade within the consolidation or at its breakdown.
Possible rollback up on the news with further breakdown of a small consolidation down.
A series of lower highs, inside a big triangle / wedge (see daily or even weekly timeframe) we could see a bearish rotation down to the bottom of the wedge. Coming from a historically strong and significant resistance area (1.2555) I see a potential bearish ride down to 1.2300 and possibly further. While venturing down I'm looking to lock profit after passing...
We have hit a historically strong and stubborn support & resistance zone, a psychological round number 1.2400, a 0.618 fibonacci retracement of X-A, and our momentum has been weakening - and even broke to the downside. Now its time to jump on the bear train again! Or at least I am. Targets are marked on the cart, with a potential zone which we may very...
Massive head and shoulders pattern on monthly chart. We may test all time lows at 1.05.
Will the bouncing continue? We see a clearly defined, triangle-narrowing movement on this pair as we're respecting both structure and trendlines more and more lately. We're heading into a triangle, and price-action seems pretty determined. IF it continues we could pick up some profit on the way. It might aswell be a trap, with a break to the upside. I chose...
A setup with two targets, triggered by the 0.618 retracement of the double top. And, the retrace also runs into our falling trend line. First target - retest of previous low. Second target - above historic support level Feel free to ask if somethings on your mind, I'm as transparent as can be. -- I do not recommend using my charts and ideas as a signal to...
2618 completing any moment, and above we have batman soaring. I put my entry order in between these two aiming to follow these down to 1.25000. Lets see if we get picked up this time.
Bearish bat with trend line together with structure as resistance. Lets see if we can squeeze out some profit
Time for a correction before further upside
Just technicals, continuation triangle forming going to break down to weekly S2 or atleast daily S2
FX:GBPUSD Fundamental: the risks of Brexit continue, which should continue to weigh on Sterling. Technical: Cable was rejected at 1.3050, and shows divergence on short term charts towards the 1.30 level. Below the psychological 1.30 handle, cable is bearish and should head towards 1.25 if the current economic climate persists.
If this pattern will be complete I will short on D point.
GBPUSD is trading above 1.33 today, despite the broad risk-off sentiment which has seen JPY up on the day. Fundamentally: Fed members are hawkish, and at least 1 rate hike is on the table this year. September is a close call - and if we believe the hawkish rhetoric of the FOMC recently - the market is underpricing a rate hike in September. This is bullish for...