shorting GBPUSD Based on : Indicator signal + Technical analysis
Do you want a secret to successful trading? Buy against the classic technical analysis. Because a good trend channel is seen downwards with a sharp drop, it can be a trap I buy 1.28750 . SL 1.28580 TP 1.29700 Remember -Never risk more than 2-3% of your balance on a single trade. And If you are a beginner 1%. -A Single or few trades result is not...
Last week we saw price break down and through price level of 1.24251 the next level we want to see a positive reaction is at 1.23656 At this level we want the 4HR and 1HR trend line to break in order to enter in the 15M chart, their is also a daily support level of 1.23570 that will also act as a confluence to trade this. Will be patient and see what price gives us.
In April 4, 2017,we found a "Crab" bearish pattern on the four hour chart to determine the downward trend signal. At the same time,the price line is under its moving average(April 3,2017 ), the signal further show that price has formed a new downward trend
A strong support level at 261.8 Fibo level, where it pullback and create reverse flag pattern. I will hold my current short position minimum at first DP, I will monitor during news. If the impact is big, the price may break first DP and go further down to next DP (Strong Key Level). Good Luck.
This is my current Setup on GBP/USD. Waiting for price to reach entry level 1.2440 again to trigger the SELL.
We are longing this pair based on : - Broken trendline. - On major and last support. - Broken minor trendline within our major trendline. - At the bottom of the channel. - Broken trendline in RSI Divergence.
Here on the four chart clearly the formation is evident, but Technicals tend to define Fundamentals so I'll tag this here Food For Thought!
Doves should be singing @ the BoE monetary policy meeting. Depending on the ears the doves could be crying, fact of the matter remains being short until further notices makes the most since.
Double whammy! I normally ignore crabs, simply put I don't believe there is much value in the pattern, but I am a biased dollar bull in this moment in time. Hawkish Dove sentiment from the FED will bring the potential butterfly into fruition wwithout a doubt. That being said trade @ your own risk.
Fellow traders, We all see the massive tumble of the FX:GBPUSD and cheers to those that caught it. My eyes have been elsewhere and truthfully I couldn't tell you why this move has transpired with this pair. Nonetheless if you don't have the 1.2945-1.2960 level on your short term radar you may want to run away as fast as you can, lol. This pair is tremendously...
Overview: The Gold markets rally during the course of the session on Friday, touching the $1350 level. At this point in time, Gold sentiment is bullish and market is ready to go higher, as buyers are still interested in the market. The main trend of Gold is bullish on charts and and market is sustaining above the 100 days moving average on its 4 hourly chart. It...
Guys...... Seems very timely a month from June 23rd, please see attached charts for previous success with this pair in particular. Everything is on the chart for this one, we will be following and updating this closely over the coming weeks/months. Like and comment your thoughts below, TheBanker. www.tradingsignalreviews.com
Rarely wrong on cable, as I mentioned yesterday, market in potential Head & Shoulder formation managed to hit the market with first drop so far toward 1.4325 level where market back to advance from intraday uptrend level. GBP/USD Overview: Market still has room to advance to re-test resistance zone 1.4410-40 while as long as market holding below 1.4515 this...
You all know about this one haha www.tradingsignalreviews.com
GBPUSD is lining up with a very good long on both 1h and 4h chart. We have our trendchannel with 2 test of low and 2 test of high, with a possible bounce for 3rd test of low, plus a 78,6% fib retracement in almost perfect allignment. I've decided to go with a wide SL below the prev swing low, but this is ALOT of room to work with, and you could easily narrow it...