Attending the theory of trend lines, and using fibonacci tool and my theory of key levels Monthly, we find a possible purchase to capture a few pips, after that enter a sale that takes the price to the line of accelerated trend, the lines Orange are resistances or supports in Teporalidad Daily, the yellow lines are fibos in temparalidad of 1 hour, the white lines ...
GBP/USD labeled in a Minor degree ABC (green) sequence, with Minor A (green) and Minor B (green) finalized, showing a Double Three in Minute degrees WXYXZ (purple).
Expecting a Bullish Rally in Minor C (green), with an extension and a sustained up-trend.
The daily timeframe of the GBPUSD is shown in this analysis with chart patterns and price levels indicated that are crucial to monitoring the path of future price movement.
Price closed below the bullish trendline in the GBPUSD that has been in place for over 2 years on October 30, 2018 and again on November 27, 2018. Price action breaking the trendline and ...
After the bad news around BREXIT last week we saw a big drop for GBP/USD. It already dropped to the lowest point since April 2017. If GBP doesn't get good news and doesn't break the Resistance level of 1.27000 we could fall even further to the Support level of 1.23800.
Goodluck trading and let's see how this Pair develops this month.
Was going to make this private to keep an eye on it in practice of my 'pattern in pattern', spotting, feel free follow along with as I look forward to more drop to follow in market and I only paper traded this chart as opposed to using real funds. Feel free to learn along with me on this one.
Do set stop losses when trading but be generous with how ...