Do not get carried away. Please verify this before adapting.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..
GBPJPY has been on a bullish movement for long now , there could be retracements , but for now i believe it will go continue on a bullish movement till my support and resistance lines
if it does go for retracement then in a few days - weeks from now ill look for more bullish movement from the fib , once its done with retracement
the pair is in a rising wedge and can make a good decision about the side to move
as we could see in past the price was showing some divergence with MACD (linked) and being in a rising wedge could be a good sign to short it
but from the other side we can see that it has broken the resistance and it is currently retesting it from the above so if it stands as a...
After a fantastic trade set-up for GBP/USD on my previous idea where we saw that indeed the confluence between the support zone and the trendline caused the price to go up, we are now at a difficult situation.
If you were long already a great place to exit could be directly underneath the horizontal resistance. However, if you're not in the trade at the moment...
In this idea on GBP/USD we find confluence of two major chart patterns. A supporting trend line and a horizontal support zone.
In trading, the presence of confluence refers to a circumstance where multiple technical analysis factors collectively form the same indication. Since multiple factors are combined, confluence has the potential to greatly increase the...
Finally the INVERSE AND SHOULDERS is broken and we have a another chart pattern formed on the NECKLINE in expectation of the retest giving us a FLAG pattern which signifies the bulls are currently in the market
Just leave me a comment in the comment section and tell me what your thoughts and also a thumbs up if you go with me
Its no news that the GREAT BRITISH POUNDS is about to sky rocket which will give rise to the GBP pairs across boards.Here is perfect clean set up which shows vividly from the W1 that the original trend is an ascending one and moving down to the lower time frame which brings us down to pretty multiply time frame analysis we can see clearly here on H4 that their is...
Hi everyone. Today GBPUSD. We have strong downward trend and its not exactly exousted for this moment. MM open 9K contracts for sell and short it from 1.2350. So my opinion short to 1.2272 and maybe 1.2227.
Levels thanks to X-Lines script. Waiting your likes. Follow me.
We are approaching to hit the trendline so depending on the price action do I will open a short or a long position.
If I see a bullish pinbar or hammer formation on the trendline I will go LONG. If we close on 4H bellow the trendline then I will go SHORT.
Let's see what happens...
1.5% 1:2 RISK TO REWARD. 12.5 PIP STOP LOSS FOR 25 PIP TAKE PROFIT. I am looking for BREAK BELOW LATEST LOW AT 133.800 area. Simple BREAK AND RETEST trade. I personally have a SELL STOP AT 133.77. I am personally risking 1.5 %. Risk what is appropriate for you. Check out my YouTube at PAPICHULONOE.
1.5% 1:2 RISK TO REWARD. 12.5 PIP STOP LOSS 25 PIP TAKE PROFIT.I am looking forbreak above LATEST HIGH AT 136.356 area. Simple trade BREAK AND RETEST.
I personally have a BUY STOP AT 136.37. Safer trade would be to wait for break and retest. I am risking 1.5% personally.
I think GBPUSD has a great long setup. Price is currently in the main wave three (iii) which has another 5 sub wave. The sub wave has also began wave (3), so its a great long setup. This setup can only be invalid if price settles below 1.22053 price level.
Elliott wave - wave (3) of (iii).
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