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
The GBPUSD continues to defy the odds. While other currencies such as the Euro and Australian dollar have weakened against the greenback of late, the British pound has remained firm. I reviewed the pair over the weekend and pointed out the March 29th retest of new support at 1.2410. This was the intersection of former channel resistance and a horizontal level...
inside bar pinbars shows bearish continuance of trend, go short on 50 percent retracement or on the break of mother candle.
GBPUSD Looking to long near the support region around 1.2405 (Role Reversal & S&D) with a stop around 1.2310 region and targeting 1.2720 region. However, if the market could go lower than my 1.2300 support region, MT bullish will negated and I will look for ST short instead.
Sell below 1.2531. Stop loss at 1.2621. Take profit at 1.2378. Reason for the trading strategy (technically): Price is testing major resistance at 1.2531 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance, descending resistance) and we expect to see a reaction from this level for a further drop to at least 1.2378 support (Fibonacci...
and we will take that guys! Well done to all those holding longs, not been a simple ride given the panic leg we have been experiencing. Risk to my thesis is a very noisy week on the UK front, lets keep the conversation open here for all those trading this pair and discuss the macro side as well as TA.. it's very difficult to have conversations in the chat now...
Hey Traders, I have analyzing this structure for 3 months almost, since mid-October. We clearly have an ABC structure going on after a sharp impulse, the C wave is going on. It is a great opportunity to look for BUY set ups. The first buy can be the breakout of the last trendline. If not we can look for a fast reversal between the 78.6 and 88.6 levels. Make...
i think gbpusd is going to reach the weekly resistance (around 1.27000). -breakout from trendline -pullback from the daily support (fib 50%) Thankyou.
The GBPUSD has broken the confluence of resistance at 1.2410/20 on an intraday basis. We discussed this area over the weekend as one that could give way to higher prices if broken. I also mentioned last week’s bullish engulfing candle, which is the reason I ignored yesterday’s bearish rejection from the 1.2410 handle. It’s a good thing I did as the trade would...
Possible projection. New highs could happen. Last successful idea.
We take long position at 1.2350 and book profits at 1.2500
Morning guys... ahead of Hammond on the mic this Wednesday with the UK budget this is a great spot for buyers to come in. This is a very attractive level to get long, there is nothing from the fed this week so despite the huge repricing we saw over the past week with the probability of a hike edging on 80% we still saw the dollar close last week to the...
-short term long played out nicely -gu new low has been made. - GBP uncertainty and Dollar strength - im going to wait for a retrace first ive placed a a sell order at 0.382 will ride it down to the monthly support zone at which point the DXY will be at its peak in a double top (see related) - This is my buy zone. i'm going in for a long term long at this point.
Im more leaning on to the upside, but I need to first see the price break up to the upside. Just be patient and wait for a close above 1.21817 than I will check if a setup us available to trade long. Join my telegram to follow when my trades are executed @blueprintfx
Hi traders!I hold a point:Good charts does not more words to explain! Good luck!
Buy above 1.2415. Stop loss at 1.2250. Take profit at 1.2850. Reason for the trading strategy: We turn bullish above 1.2210 support (Fibonacci retracement, horizontal overlap support, Fibonacci extension) for a push up to 1.2400 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (21,5,3) is seeing strong support above the 7.9% level...