GBPUSD is consolidating downwards within the channel
should it break the channel then we will see the continuation
of the uptrend.
SUPPORT THE MOVEMENT WITH YOUR LIKES,
COMMENTS AND FOLLOW FOR MORE
Hi guys !
To be honest GBPUSD is the worst trading plan for these days. With Brexit news, all analysis can be false... I'm sharing this one if nothing happened as the past week.
Currently, GBPUSD is rejected at the first Fibonacci level (0.786). If the price is break or is there is a big news (in favor of Brexit), the price could reach 1.295 - 1.3005.
Otherwise,...
GBPUSD is approaching our first resistance at 1.2834 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.1.2701 (horizontal swing low support, 100% Fibonacci extension).
RSI (34) is also approaching resistance and Ichimoku cloud is...
GBPUSD has dropped today. expecting it to move higher
in the next 20hrs
See previous analysis
SUPPORT THE MOVEMENT WITH YOUR LIKES,
COMMENTS AND FOLLOW FOR MORE
GBPUSD has touched our support zone and trendline support and we are looking for longs back up to the 1.29-1.30 level.
Another scenario that can play out is bearish continuation into the blue zone which is just BIG LOTS from there.
However, in my long for GBPUSD at the moment
Reasons for entry long:
1. We have experienced a significant Retracement to a Fib level.
2. I have identified a good level of latent orders which has started to create a bounce.
3. Considerable room to go up to target.
Money management rules:
A. Risk no more that 1% of account on the trade
B. 1/2 off at 2:1 (normally I would take 1/2 at 1:1 but this has...
Today's pound sales took many by surprise and provoked panic among traders. With that, in our opinion, nothing extraordinary happened. The pound is feverish the whole current week, with the hikes reaching 100-150 points in a few hours. Yes, today the pound has rushed to 300 points, but once again, this is quite typical for today's pound.
The reasons for the...
GBPUSD-H4 Potential Bullish Cypher Pattern Formation and Long Setup
Description: FXAndalanBangsa found a potential Bullish Cypher Harmonic Pattern formation on H4 Chart Time frame. A potential bullish correction is predicted at D.
Pair / Instrument: GBPUSD
Trade Period: Intraday Trading
Time Frame: H4
The trend in the Timeframe: Bearish
Trade...
GBPUSD has retraced to Fibonacci retracement
level of 0.382 (1.2477). I am now expecting this
to move up to test the previous high in the coming
days
Also Stoch RSI in a downward trajectory which
would support a quick sell before the move back up
continues
See previous analysis
SUPPORT THE MOVEMENT WITH YOUR LIKES,
COMMENTS AND FOLLOW FOR MORE
GBPUSD is approaching our first support at 1.2829 (Horizontal overlap support, 61.8 fibonacci extension, 76.4% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.3095 (61.8% Fibonacci extension, 78.6% Fibonacci retracement).
Stochastic (34,5,3) is approaching support and we might see a...
