Our preference: sales position below 1,3000 with targets at 1,2950 & 1,2910 in extension. Alternative scenario: in excess of 1.3000, aim for a continuation of the rise with 1,3030 & 1,3075 in line of sight. Comment: The slide under 1.3000 is a negative signal that paved the way for 1.22950.
Sell below 1.3044. Stop loss at 1.3081. Take profit at 1.2935. Reason for the trading strategy (technically): Price shot down towards our profit target before bouncing up once again. We now prepare to sell as price is approaching major resistance at 1.3044 (Fibonacci extension, horizontal swing high resistance) and we expect a major reaction off this level for a...
GBPUSD is reaching a good sell zone must watch it carefully and taking good position Harmonic pattern almost completed .
Double top on old high with good risk reward set up, will be locking in profit asap on this trade but happy with the risk.
GBPUSD: The pair continues to face upside pressure following its higher close on Tuesday. Support lies at the 1.2750 level where a break will turn attention to the 1.2700 level. Further down, support lies at the 1.2650 level. Below here will set the stage for more weakness towards the 1.2600 level. Conversely, resistance stands at the 1.2850 levels with a turn...
Hey guys, here you can see a Bat Pattern that's ready to complete on 4hr chart. Its completion point comes right at a key level of daily structure that could push prices lower. RSI is near to overbought condition and a psychological level lies right there. You can either choose to take the bat pattern at the D point or wait for price to come to the yellow box and...
Hey guys, here you can see a Bat Pattern that's ready to complete on 4hr chart. Its completion point comes right at a key level of daily structure that could push prices lower. RSI is near to overbought condition and a psychological level lies right there. You can either choose to take the bat pattern at the D point or wait for price to come to the yellow box and...
Sell below 1.2741. Stop loss at 1.2764. Take profit at 1.2652. Reason for the trading strategy (technically): Price has finally started to drop nicely from our major resistance at 1.2741 (Bearish price action, horizontal resistance, Fibonacci extension) and we expect a further drop from this level to at least 1.2652 support (Fibonacci retracement, horizontal...
gbpusd looking to hit support in the 1hr chart before uptrend
Sell from current level for 100 PIPS Let's Watch !!
Given the strong bearish movement after the UK elections and with the EMA low price of 50 we have no choice but to follow the price. We have a breaking of a banderin with a strong bearish tendency, we only have to wait for a backward step that validates the break and give us a trigger, only at that moment to enter short. 1.259 target.
This is an update about my trading analysis linked below at the "Link to Related Ideas." This is just a friendly reminder why no one should manually close trades! If I had my emotion taken the best out of me, I would have had closed the trades when I saw it an inch close to my Stop Loss. If I had, I would have had a loss now. Since I did not, I have still both...
Tested the highlighted resistance 3 times, now broke down. Good probability short. Enter however suits you. Comment what you think will happen. This is just my opinion on things.
GBPUSD shorting to support before starting up trend
GBPUSD update: Hello guys a quick update on Pound market broke the triangle structure we have our order fillied went to 30 pips proffit and now i see a Doji pin bar at the 50% fib ratio however now i will set my stop loss to breakeven and watchout for the trend..Cheers..
There are many reasons- 1) Bearish butterfly in daily 2) 2hr Stoch RSI Over Bought 3) 2hr MACD hidden bearish divergence. 4) 2hr uptrend line break and re-test