HELLO TRADERS - As we can see price is making corrections and completing its D wave. - I am expecting a corrective long till wave D and then short for wave 5/E. - We can open long in smaller time frames from best levels. "Good luck"
HELLO TRADERS - As in my previous analysis i have mentioned bullish behavior of price which was invalid after break through channel without completing 5th wave. - Now all the way i am long term bearish with this pair. - As we can see price has made nicely corrective channel and heading towards Daily high to make Double Top pattern. - My suggestion is to buy short...
lovely :) now looking for one more major bottom in 2021 , then reverse.
PRICE CAN POSSIBLY FORM A INVERSE H&S. PRICE WAS IN A RETRACEMENT AND TESTED A MAJOR AREA ITS POSSIBLE GU CAN CONTINUE ITS BULLISH RUN FROM HERE. IF PRICE DOES BREAK STRUCTURE TO THE UPSIDE ... THEN ITS A WRAP!
The Brexit move down was quick and sudden, i expect the contrary move to be swift as well. Now this is a weekly chart so it will take many weeks before we will arrive at the 1.4500, but don't be surprised if there is some kind af trigger that will shoot price up relatively fast.
Pair is trading within the bullish channel formation and immediate reverse tend line support come in at 128.30, looking to buy at the test of this level, Entry Price 1.2830 Stop loss 1.2760 Target 1.30 Stop will be moved to 1.2850 when price return to 1.29.
FX:GBPUSD : Long-term BULLISH BAT on "1D" chart with agressive entry @1.21093 or conservative entry @1.20688 with take profit @1.23763 based on a BULLISH BAT pattern on the "1D" chart.
GBPUSD Long Strategy - 800 Pips