Buy above 1.2510. Stop loss at 1.2421. Take profit at 1.2651. Reason for the trading strategy (technically): Price has shot up and reached our profit target perfectly as expected. We now remain bullish above 1.2510 support (Fibonacci retracement, horizontal pullback support) for a further push up to 1.2651 resistance (major Fibonacci extension). RSI (34) has...
will be looking for a pullback before we jump into a short position
Sell below 1.2546. Stop loss at 1.2632. Take profit at 1.2356. Reason for the trading strategy (technically): We remain bearish below 1.2546 resistance (Fibonacci retracement, horizontal overlap resistance) for a further push down to 1.2356 support (Fibonacci retracement, Fibonacci projection, swing low support) especially with price making a bearish exit. RSI...
Hey guys, I have been posting charts on this pair but this is the last one I will post for Buys. We are probably having an ABC structure after a sharp impulse. Maybe this ABC could turn into a more complex correction but by now I bet it is making a Flat ABC. I am expecting it to brake the low and reverse somewhere between 1.2410 and 1.2339, then I will trade...
Sell below 1.2546. Stop loss at 1.2632. Take profit at 1.2356. Reason for the trading strategy (technically): Price has bounced and reached our profit target from yesterday. We turn bearish below 1.2546 resistance (Fibonacci retracement horizontal overlap resistance) for a push down to 1.2356 support (Fibonacci retracement, Fibonacci projection, swing low...
Hey Traders, I already shared a trading idea in GBPUSD that turned out in a nice trade, take profit reached. Now we are planing a new entry for a long position. This time I am more concerned on the idea because we had a breakout of the structure but no clear set ups. I drew what would be my last confirmation to enter. If it makes that exact blue pattern then I...
GBPUSD major levels of resistance: 1.3470 (Fibonacci retracement, multiple horizontal swing high resistance) 1.2850 (Fibonacci retracement, Fibonacci projection, horizontal overlap resistance) GBPUSD major levels of support: 1.1920 (Swing low support, rejection candlestick support) GBPUSD technical indicators: Stochastic (21,5,3) is approaching strong...
Hey folks, I wanted to share this idea on GBPUSD. After a sharp impulse I am sure we had an ABC correction and a new impulse is going to develop. Target is the -0.27 of the fibo. Trade the breakout and you can get a nice 170 pip profit. Carlos
GBPUSD is currently heading towards the demand Zone , Keep an eye on the pair and Buy once it comes near the demand zone .
GBPUSD has just it's 4th leg on an M formation, with price reacting perfectly to our previous prediction. We have taken profit from our trade long to resistance, and now wait to see if price breaks through support or bounces back upwards. Interestingly, the 200 MA is sitting near the Support Level at the moment adding an extra layer of buyer demand. However, with...
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as far i can conclude, if price breaks area 1.300-1.302 that i've mark, it'll continue to 1.325 max