This fits with the idea that gold and gold stocks, as well as USD$ currency crosses have another up/retracement before a new leg down.
The pair in this moment break level fib 0.236 in this point the gbpusd maybe confirm us the trend have a correction to upward and the analysis have support whit the two divergences . i think if the price continue like the few hours ago the target shows in the chart can't touch without any problem
this is what i see on this pair and if price bounces off the channel i will enter long.
If we look at Pierre's analysis we can see that in the next houers the market will go up. But when it touches the trendline it will go down again. As we can see, there's forming a triangle with a horizontal bottom line. An indicator for the market breaking soon or later the triangle in order to go down. But after the market breaks out, it will situate itself in an...
price just broke out of the channel. just facing a little resistance. WAIT for the retrace. :D ZOOMED IN CHARTS BELOW.
Gu Short pattern If the 1.3200 does not break upward the trend down will continue
The stars are aligned, lets short this SHIT. BE AGGRESSIVE. B-E AGGRESSIVE. RSI Hourly and 240 Showing Overbought. Upper Wedge and Microwedge 3rd legs formed. After US OIL data this morning, no significant rise on GU. A So-SO Hourly Bear Signal bar Formed. Things look ok Short. I Sold @ Market @ 1.32443 If things go sour, just exit and chase the Bull trend if it...
A potential bullish bat pattern perhaps is forming in the chart....wait to confirm, could buy the red zone. price go below 1.2870 may means this pattern failed..... Buy zone, SL , TP set on the chart already...
Long GU - It must go up before heading down. Possible reason for downside - November BoE could cut rates further and add to it's current QE. EU talks also start about Brexit towards end of 2016 so keep an eye on that.
This is what I see for this pair. Hopefully it breaks the lower line so we can sell.
move down to wave c 161% from a-b
move down to wave c 161% from a-b