GBPUSD is making range since 18th of April
and still respecting two range zones
Expecting big move on GBPUSD soon
Based on Daily/Monthly and Weekly timeframes
my guess coming to long!
Just wait for break and retest to enter this trade.
I m gonna update soon.
Don't forget to trade with proper RM/MM and caution.
Good luck everybody
Hello,
On the chart I build two pitchforks from projected geometry, the bigger one show price
blasted through the median line after which it slowed down. Now ticking against 1.520
at which we find a beautiful confluence of the fib .618 retracement and daily close resistance.
The smaller pitchfork shows price tried breaking through the median line and found...
Hello there,
GBPUSD is seemingly building a symmetrical triangle on the daily chart.
We are currently experiencing hefty resistance at 1.2552 and might fall down.
Should resistance be broken the next resistance would be at 1.2556
at which a nice confluence of fibonacci, daily close resistance(blue line)
and the 25% pitchfork trendline would be waiting.
Should...
Hi guys, a lot of traders are watching this formation and break-out. Many probably wondered why the pair stalled after the break out, but hasn't retraced either? The Wave Trend indicator is great for catching fades and for staying out of over extended break out trades.
If you faded this trade and wondered why it didn't go anywhere; it is because the pair just...
FX_IDC:GBPUSD
A possible 100 pips+ GBP/USD bearish move. Risk:Reward ratio of 1:3.
First target is 1.2305 and the second one is 1.2205 depending on how things turn out.
Always make your own analysis before investing.
Last week we saw price break down and through price level of 1.24251 the next level we want to see a positive reaction is at 1.23656
At this level we want the 4HR and 1HR trend line to break in order to enter in the 15M chart, their is also a daily support level of 1.23570 that will also act as a confluence to trade this.
Will be patient and see what price gives us.
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...
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...
Is it undervalued do to uncertainty? Has the downtrend/momentum, reversed/consolidated and prepared to move in the direction of it's true value? After all the noise coming from every angle, positive and negative, the technical foot print points to a grey area where all sure bets are off.
As the market has failed to break below the 52 week low in search for a...
So traders, price reached this yellow level. If I see good bullish reaction to this level I will expect price to move to 1.265 level (red line). I don't expect deep pulback but if it happens, complex correction is very possible.
if we don't see a good bullish reaction to yellow rectangle and price breaks it, then blue rectangle should be a nice wall price will...
