Our preference: buying position above 1.3030 with targets at 1.3115 & 1.3150 in extension. Alternative scenario: in break of 1,3030, a continuation of the decline will be envisageable with 1,2980 & 1,2950 in line of sight. Comment: The RSI is losing its bearish momentum.
Buy above 1.2898. Stop loss at 1.2804. Take profit at 1.3029. Reason for the trading strategy (technically): Price has bounced off our buying area at 1.2810 perfectly previously. We remain bullish looking to buy above 1.2898 support (Fibonacci retracement, horizontal overlap support) looking to play a further rise up to 1.3029 resistance (Fibonacci extension,...
As we could see GBPUSD finally broke above the 4HR trend than now we are seeing the pullback, so we wait patiently for price to come back to retouch the broken 15M trend. Just set it and forget it, now we wait. Thanks www.blueprintforex.com
Idea: GBPUSD 0.04% has shown weakness off the 4hr RSI over bought . There is continued weakness off the Daily and Weekly time frames. A long retest on 1.30267 is likely before a stronger downward move. Trade Management: A price break down through 1.2820 in the next session will eliminate the move long and signal stronger than expected downward pressure. A break...
After the impetus started on June 21, it seems to have come to an end on the 30th, forming a corrective stage. Apparently this correction came to a support where it shows us confluence, then we have a horizontal level in the 1,286 that does not serve as support, also the price seems to have reached the fibonacci 38.2% of the previous impulse, and we have...
High probability short term trade on GBPUSD for 100+ pips. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Our preference: short position below 1,2895 with targets at 1,2855 & 1,2825 in extension. Alternative scenario: in excess of 1,2895, aim for a continuation of the rise with 1,2920 & 1,2945 in line of sight. Comment: the immediate trend is declining and is showing a strong dynamic.
Our preference: position below 1,2950 with targets at 1,2860 & 1,2830 in extension. Alternative scenario: in excess of 1,2950, aim for a continuation of the rise with 1,2990 & 1,3030 in line of sight. Comment: as long as 1,2950 is resistance, trading range with a bearish bias
Before anything else, I would like to make it clear that I would first like to see a pattern completion/confirmation of either the Double Top or the Head & Shoulders before entering short trades. At the moment, price has reached former resistance area and this can be treated either as the 2nd top or the Right Shoulder. Minimum targets of each, wherever you like...
This pair has recently shown some bullish momentum. I think this bullish move is going to end very soon. May be this week, the GBP/USD is going to turn bearish. However, there is still room for intra-day buyers as the pair still needs to rally at least 200 Pips to reach the sell zone . At 1.3264, the pair will find confluence of resistance. What are those...
Our preference: sales position below 1,3000 with targets at 1,2950 & 1,2910 in extension. Alternative scenario: in excess of 1.3000, aim for a continuation of the rise with 1,3030 & 1,3075 in line of sight. Comment: The slide under 1.3000 is a negative signal that paved the way for 1.22950.
GBPUSD is reaching a good sell zone must watch it carefully and taking good position Harmonic pattern almost completed .
Double top on old high with good risk reward set up, will be locking in profit asap on this trade but happy with the risk.
WEEK - nice established down trend - looking for price to move in direction of trend (down) DAY - Price is consolidating along White s/r line. Looks like secondary trendline being respected - if breaks black trendline looking for it to continue up following plan A If it respects and holds at black line looking for plan B 4hr - looks like it is...
Sell below 1.2741. Stop loss at 1.2764. Take profit at 1.2652. Reason for the trading strategy (technically): Price has finally started to drop nicely from our major resistance at 1.2741 (Bearish price action, horizontal resistance, Fibonacci extension) and we expect a further drop from this level to at least 1.2652 support (Fibonacci retracement, horizontal...