GBP Pairs have been on bearish for the past two weeks, due to political pressure and BRXT,
buying them is too risky now. Trade it with care and with manageable lot size.
Good Luck and happy trading!!
We see the formation of a harmonic shark and butterfly pattern on the 1 hr chart. Both of these harmonic patterns are bullish indicators. Therefore, our strategy is to trade and target the 4th legs of these formations. FX:GBPUSD
Hello Traders: My previous ideas on GBPUSD didn't work well as price broke all support levels and kept heading lower.
However, at the end of the previous week, we got some nice BULLISH REVERSAL CANDLESTICK FORMATIONS(denoted by the yellow ellipse).
If this reversal holds, we can see GU continue towards 1.2850 and 1.3020.
However, plenty of uncertainties in...
BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Recently price was travelling in an ascending channel, however we did just see a clear breakout, several 4 hour candles closed below the channel. Right now price has come back up to retest the channel, also at the 0.618 which is the perfect reversal point of any wave. This suggests price will take a fall, our targets are marked above on the chart.
Our first...
Last week cable continued to drop to lower prices and I don't think cable has reached the target price yet. I expect a continued sell off to around 80% of the yearly range and possibly more. Retracements are expected and as long as we dont break any recent daily highs I will be looking for short opportunities. Fridays (17/5/19) daily equilibrium (50%) is a key...
we can see manipulation at the white box in the charts, right after that huge move to the upside.
possible test of the zone before moving to the upside, zone also in confluence with tren line to the down side.
This signal is intended for traders who like to be constantly on the move and the reason is:
We are in a clear downtrend and in the long term it is preferable to trade with the trend, but we have reached the so-called Oversold according to Stochastic indicator, usually, its appearance after many days of undeclared declines as in our case.
We target market...
Hello Traders, GBPUSD has dropped more than 450 pips in the last couple of weeks and surprisingly, it has managed to TAKE OUT all the SUPPORTS on its way down. Breakdown of negotiations between Labour and Tories and Prime Minister May's resignation plan in June has played its part to pull the Pound down.
However, market participants were already aware of both...
GBP/USD is getting ready to go LONG.
Market has been in a downtrend for about 2 weeks.
A crucial support line has been hit in this drop.
Wait for confirmation of trend change, then find your entry.
Expecting a change in trend within the next week.
Scalp/day/swing trade market to the upside.
You pick your exit point.
DISCLAIMER;
Trading carries risks, ideas...
You can see price is currently at good support, the red zone we have marked on our chart is good monthly, weekly, daily and 4H support so we can only see bullish movement from here with a possible run up to our resistance zone ( green box )
After a week of bearish power we are expecting the bears to slow down and take a break, so catching these 100 pips should...
You can see price is currently at good support, the red zone we have marked on our chart is good monthly, weekly, daily and 4H support so we can only see bullish movement from here with a possible run up to our resistance zone ( green box )
After a week of bearish power we are expecting the bears to slow down and take a break, so catching these 100 pips should...
