It’s a quiet week ahead. Key stats are limited to wage growth and unemployment numbers due out on Tuesday. While the focus will be on the claimant count and wage growth figures, any uptick in the unemployment rate would weigh.
Outside of the numbers, Brexit and political chatter from Parliament will continue to be the key driver for the Pound.
The GBP/USD ended...
GBP/USD Short Idea (5/8/19) 4HR Chart
- Currently had a reversal at the disturbance level I drew up on the 1HR (orange)
- Had a quick rejection on the monthly support level @ 1.30000 also the 100% fib retracement level.
- With the dollar getting ready to fall, the orange disturbance level seems to be a good spot to place an entry, with the targets set to the...
GBP/USD Long Idea (5/8/19) Daily Chart
- Price just rejected off of the short term 61.8% fib level and the long term 38.20% fib level. Price had a hard rejection of on the 1.30000 Monthly
Supp Level.
- Looking for price to continue up to the Micro level at 1.32500 which is near the -27.00% fib level.
(4HR Markup Linked Below)
GBPUSD has been travelling in an ascending channel for quite some time but last week price broke out of it to the downside, Price has now come back up to retest the channel at the 0.618 retracement level. We expect price to drop down to the -0.27 extension level.
With the NFP news release, the GU has further remained aggressive to the upside after retesting the 50% fib level which was an area of interest for me as that was where i had my support and price bounced upward. On the 15mins TF, we can see price forming a continuation pattern and i look forward to more bulls to dominate the market till the resistance level around...
You can see 2 very key support and resistance levels drawn on the chart and price is nearly at our resistance level, we can only see downwards movement at market open after a very strong bullish rally on Friday just before market close price looks over bought so we are expecting bearish movement.
Its like if you go to the pub on a Friday night and you " over buy "...
Possible short for GBPUSD. Price has successfully completed a pullback to the trend line channel after the break out from last week. This could indicate a short bias. Price has also been recently rejected by a strong resistance line, also indicating the movement to the downside. FX:GBPUSD
Not much to say about this one except price has been travelling in an ascending channel , however price has recently broke out to the downside, we believe price is going to come back up and retest the channel at the 0.618 retracement level of the previous impulse move before making its way down to the TP.
IF PRICE HITS STL , PRICE WILL MOST LIKELY FOLLOW THE RED LINE.
rsi in overbought area.
Still more profits to be made for scalpers in a short entry.
Warning; trading comes with risks, trade safely and within reason. All charts to be used for guideline purposes.
Although I am bullish GBPUSD Long term, there is a possibility of a sell trade on an intra-day basis.
Looking to sell at 1.3000-1.3110 with TP around 1.2950
Price was travelling in a down trend, been held down by a descending trend line however, it has now broken out of the trend into an uptrend and has also formed an ascending channel.
Price is at the bottom of the channel, indicating buy orders gbpusd
This is a very interesting chart. I made this chart way back in February when Pound started rallying. Back then it helped me predict the peak around 1.3350.
However, I didn't pay too much emphasis on this chart.
Even in March, it helped me predict the Peak.
Now, if you notice, as per this "interesting chart", the LOW is around 1.2870. And well, price has managed...
