I think, that correction phase is not over & still continue. Really the price, has minimum several variants of price action with the one situation of rapid decline (Shadow of Black Swan)... Hard & binary situation by EWA/EWP! Pls be care yourself. Subscribe! Join me! «« «« «« «« «« Hold Like! »» »» »» »» »» (If you have questions, comments, write, reply...
Commentary based on the numbers indicated on the 1hr tf of the GBPUSD is given below: (1) The meandering price action of the GBPUSD from May 29, 2018 till present date is captured in this analysis using a falling wedge (diagonal) with price action successfully testing the support and resistance line at least twice; hence validating the chart pattern. This pattern...
Fundamentals: GBPUSD dropped wild after US President Trump condemned UK PM May’s Brexit strategy and stated that Boris Johnson would make a great Prime Minister in an interview with The Sun. After dropping to test 1.3100 at the European session open, GBPUSD rallied back to trade above 1.3200 as Trump changed his tune completely, saying that “no matter what the...
Ahead of London USDJPY Anka is trading at 110.430 as of writing, Price is in the upper channel of the Bollinger Bands in the daily charts AND ABOVE ema 50, 100 and 200. Rising trendline is still valid. After the breakout of the triangle on Tuesday, pair tested 111.200 but closed the day with a bearish candle. A bearish reversal pattern? Let’s continue. H4 Chart...
Technical Analysis Assuming that the break from the channel is not a 'fakeout', we will continue with strong downward momentum this week: 07/05/18 . Evident that Bears are still in control. Targeting 0.382 fib level, likely to test the key 1.31 S/R level where Bears will start taking profits. Entry: 1.36 S.L: Above the previous weeks highs at 1.38 S/R level...
i short Gbpusd just before unemployment data for the reason listed here: 1 overbought a bit 2 rsi bearish divergence in h1 and h30 3 lost momentum a but and 4 he is on is top hight frm 2018 since brexit crisis and can have a possibility of double top but anyway need to breath a bit
i short at 1.4178 to target 1.4127 as he is overbought and have an rsi bearish divergence
The picture is clear and bullish. We have a long trade based on Bullish Butterfly and we have reached the first target @ 1.40800. And Long Trade based on Bullish CwH to add long for ISHS pattern. Now, let us take a look at the fundamentals: NFP report was highly disappointing. However, we do not think that would make an aggressive negative effect on US Dollar....
H4 CHART TIMEFRAME Above EMA 50 - Fibonacci 78.6% of XA - safe Bull Zone. The zones and the levels will be our guidelines. Detailed analysis and forecast will be published on our website. Have a nice trading week.
i short gbpusd even the good inflation number come he not up much for now he up just because the dollards down so for the next week for before the week ened i see him make a pullback on 1.4040 minimum
short gbpusd at 1.4168 euphoria due to weakness dollars bad data for 1 week and he up only coz of weak $ was my swing trade of 138 pips in 2x 1lot i will cut first lot at + 50 pips and made a SL on second lot at +30 pips for secure 80 pips if it happnes
GBPUSD has not been traded above 1.4000 level since the announcement of BrExit in June 2016. Due to the recent weakness in USD, we see GBPUSD come back to 1.4000 level this week and in fact, it traded as high as 1.4344 on 25 Jan 2018 before closing for the week at 1.4162. Investors like you may be wondering this pair's movement in the following week and we have...
GBPUSD has not been above 1.40 since the announcement of Brexit in June 2016. However, we note that finally this pair has come back to this level and in fact, it has made the high of 1.4344 on 25 Jan 2018 before retracing to 1.4162 on 26 Jan 2018. Investors like you may be wondering this pair's movement in the following week and we have this question: will...
GBP/USD does not succeed to climb above 1.3400 Despite adoption of tax reform and release of various macroeconomic data, the British Pound is continuing to trade against the Dollar in a two-week long symmetrical triangle whose upper boundary simultaneously represents the slope of a larger falling wedge pattern. Because of an empty economic calendar as well lower...
Pending Long @ 1.3360 Stop Loss @ 1.3300 Target @ 1.3460 RR Ratio @ 3.3 Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.