The STEAKS were HIGH! Hahahahahaha.
Now if you did not laugh at that are you even a human?
1.35000 for me is a key level that has been used multiple times as support and resistance and is also a lovely round number! If you would like to know the importance of round numbers then just send me a message.
So i am expecting a bullish push up to this area which is...
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My analysis are for educational purposes only,...
GbpUsd, like all Usd pairs, corrected the recent leg up and is ready to resume its upward movement.
The pair is trading above important 1.3000-1.3050 very important support (line in the sand for bulls) and created a new support on 1.31.
I expect up a continuation for this pair and a new challenge of 1.35 resistance in the medium term.
Buy dips is my strategy
GBPUSD is in a very high value aea right now. It is now at the top ascending channel structure in high TF after a impulsive move to the downside
Nevertheless, with we must pay attention to how the price approaching this area with corrective approach. Because of that, I cant take any trade here blindly.
We need first to wait for a little bit of confirmation...
See the bigger picture below in related ideas.
In this video I show you some of the reasoning behind how I break down the waves.
This Wave E could have topped already but if you are keen I reveal a possible alternative scenario.
If your not about learning the waves that's cool because I will post a simple chart soon because this correction if not over yet.
If...
FX:GBPUSD
The price has stopped at 1.33100 and bearish momentum started to taken over the pair and pushed down the price to 1.32240. Based on my analysis, I'm targeting the pair to move further down to test 1.31900.
Entry Price: 1.32350
SL: 1.32650
TP: 1.31900
Goodluck to those who follow!
GBPUSD
The price made the move we wanted and touch the level, now as you can see has started to drop and I believe it will come all the way down and reach our next dotted level near 1.30
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El precio hizo el movimiento que queríamos y logro llegar a nuestra meta, como pueden ver ahora el precio parece estar rechazando la zona y bajando, yo considero que el...
Similarly to the EURUSD the Pound is also in the early stages of a Wave C Decline. (See EURUSD in related ideas.)
The AriasWave methodology enables the analyst to place impulsive and corrective waves into their respective baskets.
In this case we are in a Wave 2 correction since 2009.
Using the logic provided by this methodology, I can tell you that the Pound...
Above is a setup that combines the Elliot wave count and harmonic pattern.
we anticipate that the w-x-y correction of GBPUSD has ended with this butterfly pattern and we may see a massive fall to the downside.
Goodluck
GBPUSD showing great potential for a 90 Pip drop. GBPUSD is currently in an overall uptrend bouncing back from the fall during the peak of covid-19. As you can see we have recently had a new higher high form on the 1hr chart which co insides with the current trend lines stated. Due to this rejection i can see price going further down towards the 0.382 fib level....
The trend is up, but GU is retracing to the point highlighted in the chart or lower, but will still be within the channel, before omving up.
Feel free to like and comment
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
