Hello everyone! SELL after 0.85311 TP +50-80 Pips Good luck (y)
DISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas". I've been looking at the British Pound/New Zealand Dollar pair for a while trying to think of where it might go. It's been on...
Reasoning: -Support lines + previous structure on that level -Fib level -Support line on RSI, crossing MACD Time for GBP to finally bounce up a little?
GBPJPY 4H - looks like we are looking for bearish swing on Monday. SL: 134.254 Entry: 133.540 1st TP: 132.369 2nd TP: 130.289
GBPUSD is like a Thrilla in Manila (Ali vs. Frazier). GBP is trying to get up but USD keeps throwing hard punches. GBP is very persistent and trying to get to his knees at price 1.36340.
Shorted rising wedge within the channel. Now wait to break the lower wedge of the channel. Enter below after some consolidation at break of wedge. Potential +500 pips trade. If it bounce the wedge long there to top of the channel.
Oversold RSI combined with 0.5 Fib Retracement and Extention Strong past structure at that level + could be viewed as support level of a trend which started in late 2013 Brexit effectsdisappear, hopefully!! GL
Look to buy on a 1hr candle break and retest of 161.35 levels. If it fails to break 161.35 levels you can be almost assured sellers will take it down to 159.70 levels...
Pound had a huge run up. Looking to take a power move short 1:1 Momentum slowing - 4 hour showing double top head and shoulders with MACD looking to be going lower, crossing over the 0 line. Fib retracement from the last big move up. TP is just above the 0.618 FIB level. Will monitor, may TP at .5 if no strong momentum to push through. SL above key 1.95...
Hello Traders, The markets have been open for a few hours. That gave us enough time to form this bearish Wolfe Wave in GBPAUD. 5' is a potential in this Wolfe Wave. Best, Chartistry
Good morning GBP/NZD, time to rise and shine :) My case for a strong bullish reversal on this Extremely Valuable Pair {EVP} is due to the fact that: (1) It has completed a multi-month Harmonic Wave Formation and (2) the GBP/NZD is positively correlated with FX:AUDNZD and that pair is trending very aggressively into a multi-year bullish uptrend due to both...
GBPJPY moving on up inside H1 uptrend channel bullish GBPJPY moving on up inside H1 uptrend channel bullish after a deep correction, following the ECB rate decision, mainly due to safehaven flows into JPY.
Volume means activity. These volume spikes concern me - something happened. While I will never find out what exactly that was, judging by the fact that the first spike occured almost on the very top (left shoulder, even before I was bearish on this pair - which makes sense) and that we have just had the second spike at the bottom, after the pair fell considerably,...
Confluences: 1/ trend 2/ 50 ema bounce 3/ doji 4/ deceleration 5/ fib play 61.8% 6/ Bullish MACD 7/ 2.145 as support Took this trade last thursday ( Sept 17 ) but again because of this pullback today, 400 pips are still on the table, 170 pips are currently in profit. I see this pair go to 2.20