Wait for the pullback before getting into the emerging bearish trend
1.1370 is a resistance area. multiple rejections. over bought in RSI. on weekly respecting 200 EMA.
keep selling below 1.2676
GBPUSD Market Outlook - Short
From the last week, I jotted down in my trading diary. Expecting the bullish on GBPUSD is about to happen starting last week itself. I am spamming long on GBPUSD last week and profitable. GBPUSD losing the grip on bear trader after the power has been change clearly by last week move. Bear trader already exhausted to spam shorting. This week, the gain will about...
We can see a channel in my previous post i told to take a short position which is now playing on our side now the flow up of previous analysis we can close your sell position and wait for long position as the market reaches the support of the ascending triangle and tp and sl are shown in the chart. If you like my analysis do like and comment below whether you...
According to my analysis the market can go down to the support and then bounce back to test the resistance. Do like and comment whether you agree you disagree with my idea Note this is not the trading advice and I am 100% wrong
GBPUSD seems to have reversed from the 1.2470 area. There were multiple rejections at this level on the daily chart and the bulls couldn't breach this level. Currently, the price has dropped below the all-important 100 hour EMA, which is a short-term indicator of the trend. So, we are back to the Bearish Territory. As per my analysis, GBPUSD might continue...
Brexit is still causing uncertainty, and this first test of the resistance trend line on the daily chart provides a good opportunity to sell the GBPUSD.
So, as many of you are aware that yesterday didn't go to plan for Theresa May, and many did assume that the GBPUSD was going to sink to the ground - which it did but didn't. I have done some analysis on the GBPUSD going long with a Target @ 1.32000. Let me know your thoughts, happy trading! :) GL
GBP/USD is moving to key place for open Short If take a look on chart, you could see that price have powerful downtrend. As you know most of the times trend is continue, it is safer to look for deals for Short near key levels. On chart, I see that price bounced several times from 1.3460, that mean, that level is interesting for big players. For US is the best...
Long term swing cycle. Don't expect to take profit tomorrow
- BoE expected to hike rates, and bullish trend may continue till next week or so. - 2 Possible trades - Buy at .50 or .618 - Sell from top, however watch out for false break out and let's see if price shows a lot of bearish evidence. Trade with care Good luck!
Enter short ONLY if test of minor trend line and reversal candlestick formation. 1HR targets: 1.28414 1.27796 Daily target: 1.25718
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...
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...
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...