This pair was moving to the UP side very nicely but as we can see the prices recently are not touches its upper trend line so it is indicating that pair is losing its bullish strength ...
Trading idea on 4h chart: Long GBPUSD – Trading with the Trend _______________________________________________ Trading idea: limit buy order at 1.5345, Risk-Reward = 4.0 SL@ 1.5310 (-35), TP@ 1.5485 (+140) _______________________________________________ 1. GBPUSD is moving up on the 4h chart (main trend on this timeframe is up) 2. Solid support area between...
After today's session, GBPUSD advanced rapidly and it is only few pips away from the open. This indicated plenty buying in the market. I would expect this pair to advance further and form consolidation pattern. Long term downtrend must be assumed and short positions would be recommended from higher levels.
Cable touching upper border of descending channel and presents low risk opportunity to enter or add to short positions. Long trades beyond 1.5740. Short targets at the recent lows.
Hi everyone! It has been a long time since this page updated. With this, I shall provide a signal on GBPUSD, which has been on a long decline, but it went for a correction recently. I believe that the Cable will continue with its decline, and thus decided to continue to short this pair. The Cable was closed for the week at 1.6070, very close to the psychological...
In my trading course (which I would highly recommend) we were talking about advanced patterns today, so I went out on the chart and tried to find and recognize some. My first butterfly patterns I discovered on the GBPUSD hourly and 4 hr chart. I drew it in on the 4h chart because it's just less messy. What we have here is a butterfly pattern where the 1.272 fib...
Bullish BAT got completed @ 1.698. Pullback north is likely, stops below 1.695