formed double top on daily tf. on a weekly tf, tried to break out (twice) of that 0.618 fib area but failed. price is currently on a key area. high probability for this pair to move to the downside. watch price action on lower time frames, then look for valid short entries.
You will learn the best place where we can trade GBP/USD at low risk. Write in the comments all your questions and instruments analysis of which you want to see. Friends push the like button if you like the idea - that would be the best THANK YOU. Thank you for your support, I Love it.
Price is hovering around 200-SMA moving average and is near key supply zone.
The downward movement ends. Can sell a wave of 5 down. Or wait for the setup to buy. It is possible that there will not be a deep rollback in wave IV and a correspondingly good potential for sales. . Then just wait for the setup to buy
Elliott wave based analysis Trade on your own risk Watch Price action
wave structures up close... as we are in daily correction, and i presume zig zag ABC structure, and for now the price is ending the B structure. with red ABC is marked B part of it. with yellow are the structures of the B part with in it. and that ghost yellow pattern is from red A structure. now it needs to tag that orange low before it goes up for completing the...
4 hour timeframe - bearish divergence First target is 1.30150
PRZ: 1.266-1.2695 Target 1: 1.2442 Target 2: 1.2279 Stoploss: 1.2821 Reward/Risk: 3.3
BUY & SELL As Per Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !
After 500 pips of rising on the pound are it time to sell? In the weekly chart, the Pound was stopped just in opposition to the Ichimoku (Tenkan Sen) red line. The last weekly candle closes in the shape of a star that can symbolize a trend change provided the next candle is indeed red (we are currently heading in that direction). Target: 1.2380
I will open buy after the false break out of the mirror level 1.2385 - 1.2385 - powerfull level on the daily and weekly chart - Uptrend will continue with huge probability After 100 like I will write where to open accurate entry with Stop loss and Take profit points
Like the recent analysis, we continue with the buy signal on the above currency. Since the gbpusd stopped at the support line at 1.20 the price goes back to recover and break every barrier on the way. If we learn from the other times, any recovery of the gbpusd after the above support seems to have been powerful. Target: 1.2720
In this video, you will learn where is better open buy entry with low risk. Potential profit in 5 times bigger.
Strong support in 1.2019 that brings in a lot of buyers. A bullish trend for several days. The increases come after a hammer-shaped candle that indicates a trend change. If we learn from the history of the gbpusd encounter with the above support line the direction is very clear. Target: 1.2570
Downward trend. Serious support in 1.2019 with a strong possibility for increases in the above area The gbpusd stopped just in support and confirmed it with some positive candles. Direction: Long Target: 1.2280
Although there is still a huge uncertainty about the Brexit, an opportunity has been created for technical analysis. The Stochastic has reached the lowest possible level that usually points to Oversold. The gbpusd came to serious support that could change the downward trend. Target: 1.25 In case the gbpusd dropped below the above support this signal is canceled.