Based on the news there will be unstable moves on that currency today but its will be after the pullback on that support . support BO + harmonic pattern confirmation = great chances of pull back on the buy zone
Doves should be singing @ the BoE monetary policy meeting. Depending on the ears the doves could be crying, fact of the matter remains being short until further notices makes the most since.
Double whammy! I normally ignore crabs, simply put I don't believe there is much value in the pattern, but I am a biased dollar bull in this moment in time. Hawkish Dove sentiment from the FED will bring the potential butterfly into fruition wwithout a doubt. That being said trade @ your own risk.
GIVEN THE UPCOMING NEGATIVE BREXIT NEWS, I BELIEVE WE ARE SEEING THE 'BIRTH' OF A LON SHORT TREND. 'JUMP ON THE BOAT' FROM THE PREVIOUS MARKET LOW OF 1.23500.
READ MY DESCRIPTION ON THE CHART!
We have potential bearish gartley pattern in 4h GBPUSD, as its 4hrs the trade may take more time, so if you are willing to hold for larger time then you can trade this setup. There is another ABCD pattern completion forming around gartley completion zone. As usual stops go above X, check ur ratio's before entering trade bcos everyone uses different ratio for...
Double Top forming on the Daily, This ties in with my view that their is a possible Cypher formation happening
Following on from my cypher idea on the 60 min chart, we have come back up into previous levels of resistance If this candle closes in the highlighted area I feel we will see movement downwards as we are in the oversold area of the RSI
2 targets the 318 and 618, some of the points are just shy of the exact points but within my own set of rules