Here we can see the complete A and B Elliot waves. I suggest to wait for wave 3 and put a buy stop order above the wave A. In fundamentals we wait for good news from Great Britain, updates of macroeconomic indicagors. The most important one is trade balance. If it's lower, GBP will be stronger. Now we should just wait.
Here on the GBPUSDcurrency pair i have reason to believe a long position will be very rewarding over the coming months. Based on my technical analysis price has rallied for the bears over the past 3 years and due to recent changes in the economy as well as inflation taking a toll on the DXY, the bulls have now entered the market. My technical analysis indicates...
IF there comes a second chance, then sell GBPCHF on the orange line area inside the blue box!
Blue area trade criteria:
- Previous resistance level
- Fib retracement level
- Fib extencion level
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*This information is not...
Chart time frame - H4
Timeframe - 1 Day
Actions on -
A – Activating Event
Market consolidating above the 200 mva and has reached a condition of being oversold.If we see a break above the 0.878, a long position may be an option :)
B – Beliefs
Market move towards the first Target 1 level @ 0.881...
So, as many of you are aware that yesterday didn't go to plan for Theresa May, and many did assume that the GBPUSD was going to sink to the ground - which it did but didn't.
I have done some analysis on the GBPUSD going long with a Target @ 1.32000.
Let me know your thoughts, happy trading! :) GL
Pattern: 1D Channel Up. Attention needed as the pattern was previously violated by Brexit fundamentals.
Signal: Bullish as the price tested and held the 4H support (1.2706).
TP = 1.2875 as long as the support holds.
Based on technical analysis, GBPUSD has blown through previous major support and a major demand zone in the market. It's currently on a macro-downtrend, continuing with lower highs and lower lows. Top down analysis has shown that this pair is just in a small retrace at the moment, retesting the broken levels while still maintaining structure.
However, on the the...
Hello TradingView. Hello guys. (:
Here we have to many technical and fundamental reason for announce bull market again.
You can check an see how perfect this mine strong tech work.
Thank you for your time. Wish you Profitable day!
entry price : 146.350
Take profit 1 : 145.100
Take profit 2 : 143.200
Take profit 3: 140.220
Stop loss : 147.100 (suggest to use trailing stop)
Don't forget Asset management / and please trade at your own risk and this chart is as my opinion about GBP/JPY
Today I have thoroughly analyzed the GBPAUD pair to the best of my ability and I have concluded a short opportunity. I have lace my entry and target, as well as stop loss check out my work and comment any questions or feedback. Happy Trading!
My momentum, momo stoch and stochastic etc. indicators/oscillators shows a very strong sign of overbought in the pair and a start for a downward trend.
Highly overbought If it does broke the support it is a good entry watch for days range it could affect your s/l, t/l & t/p.
Breaking it's chart atr the pair is highly volatile and overbought and AUD cs is highly...
Hi Traders ! This Is Nouman Malik , After a huge drop of Gbp/usd . its exactly respecting the support area by showing a pin bar on weekly candle . i hope to see a push to the trendline before the next step .