GBP/USD GBP/AUD GBP/JPY GBP/CAD Pound Meltdown now being subdued a little? Can we continue to fall?
I have reduced the silly indicators. Basically I am only using charts patterns now. This also means that on the weekly we can see that it closed a doji star the previous week after a down trend. This is a very bullish signal. Chances are high that the next weekly candle will close in the green. A weekly candle rarely goes straight up or down during the 5 days it...
A retracement is needed with 4hr showing discreet hh hl being formed
Bears are gunning for 91 zone coinciding with 50/61.8 fib. 61.8 rejections would be ideal to fulfill the next leg to 94.5 and beyond
this is what I see the pound yen on a smaller scale could be doing lets see this week how it plays out
Pound dollar has fallen closely to 1000pip since highs. Wise strategy is to short this pair down to 1.33 levels.
Ignoring fundamentals, TA dictates the following.
Hi everyone these are the three ways I can see the market taking place : if we break lower these could be the outcomes if certain levels get hit Happy trading
at the moment we are getting close to an important trendline ie purple line, these are the reactions I could see happening off this line Happy trading Kris
Technically speaking, if everything aligns, we should see a very decent bearish move from GBPCHF. Expect movement down to the 38% Fib line (at very most).
Hello This pair could make a move to the downside after breaking this zone i will look for entries on the smaller timeframes.
The currency pair is currently ranging in a trend, however the bearish trend seems to be becoming more powerful. Long-term and short-term Fibonacci lines confirm the possible movement of 9000-11000 pips downwards to the 135.00 region, whilst profits can be taken at intersecting Fib lines. Alternatively , the currency pair could continue to range, reach the 100%...
RSI oversold, trendline rejection with a nice doji forming on the daily. NFP could cause this pair to fly up, or stay stagnant, bearish NFP will make me take this trade Long
Good evening Traders, Now, after all the FOMC jazz, let’s have a look at the sterling-dollar. GBPUSD is in an intact uptrend from the 2017 lows making higher highs and higher lows. Which is an indication of a bullish trend. However, don’t get fooled. In the weekly chart, the GBPUSD is bearish and every up move you can see in the daily is just a correction. ...
Pound looks a bit weak, but at the end of the day, is it strong enough to break the box and where? Large downward potential, >1.52% bearish. Learn how to beat the market as Professional Trader with an ex-insider! Have a good Trading Week! Cream Live Trading, Best Regards!
I love crypto but i love forex too , so let's talk about the pound against the australian , from more than 1 month is moving inside a rectangle , waiting for a breakout , i love this kind of situations , cause looks like the '' calm before the storm '' if a breakout should occur the move might be really fast ! So watch that closely in these days.