There are 2 different setups here. 1- Buy now Target: 3550 Stop loss: 2650 Daily chart 2- Wait for a close above 3550 in Weekly chart and enter the trade in 4H pullback. Time analysis: 22 Jun
Neglected support with strong resistance!! Target on the chart.
Buying into a support zone into a uptrend we have a high probability to make some profit.
In daily time, we can see the bullish parallel channel and triangle pattern. It's time to break the triangle and we can sell/buy in pullback. I think the triangle will be broken downwards and we can sell on pullback to triangle. Wait for break triangle.
We see a nice Stochastic Divergence plus a 61.8 Fibonacci retracement on the GBP/USD Daily chart to go short, Exit is open, Stop Loss should be above a Parabolic SAR dot at the H4 Chart (easy but effective).
Pound was among the top performers of the day as UK Parliament holds a series of indicative votes. Today UK Prime Minister Theresa May offered to quit as PM if her Brexit deal passes. The pair holds a bullish tone that could be confirmed if it manages to consolidate on top of 1.350 #brexit #gbpusd
I think that dollar will continue falling or it will make make a little retracement to 97.20 and then go around 96.60 and then consolidate a little bit, that can be First Tp and then it will go around 95.80 or a little bit lower. For me is a stong sell, for the cofluence with OB, Liquite has been taken out from Highs, we are Net Short and if you look DXY, EU...
We are expection on usdcad for fall down from previous 3 month now this time usdcad is going on brearish slowly slowly ;) Come to the piont How we shall take the positon on SELL always watch on new High for sell evidence when price action come sell on it
Strong down trend. Nothing bullish to see here. Break of trend would be bullish, but I don't see that happening anytime soon.