FOREXCOM:GBPJPY Hello Traders, drop a comment below to ask questions or make suggestions. Remember that market is reactive and not predictive.
GBP/USDattempts to retrace the decline from the start of the month, but the Relative Strength Index (RSI) undermines the recent rebound in the exchange rate as the indicator continues to track the bearish formation carried over from December. follow me like share and comment
GBPUSD seen tested supports after the brexit deal and reversing from what looks like a false breakouts, But WAIT till price jump into the BULLISH PENNANTS @1.30150(Buystop) with respect to S/R then buy all the way up 1.31500. Please also comment, like follow me and share your ideas on this particular pair too. thanks!
GbpAud seen retracting on resistance whilst following the buy trend.. So therefore a sell to supports or bottom trendline. As long as resistance isn't broken then sell! Please comment and share your ideas on this particular pair too. thanks!
Congrats on our previous sell. However still on the buy trend, Wait for reversals as long as 1.28500(Bottom trendline, Supports) isnt broken then swing buy back up to 1.31500. Also note upon the final hearing on Brexit on 31st we would get to see more volatility that can change the market. so apply proper risk managements. Please comment and share your ideas on...
Congrats on our previous swing buy to 1.31000 and then now its retracting good for a sell back to previous supports @1.30000.. Please comment and share your ideas on this particular pair too. thanks!
Congrats on our previous swing sell. However now GbpUsd was rejected on the support line then retracts and heads up for a buy to 1.31000 first then if broken extends to 1.32530 otherwise retracts for a sell back to previous supports.. Please comment and share your ideas on this particular pair too. thanks!
Well its not clear for me to take any trades in the pound pairs at all. I will just wait for a good entry after a breakout only.
Gartlet Pattern is Almost Complet with Good RISK REWARD Trade With Plan !! Have a good one
pound yen looking long. It has developed some bullish movement lately and a double crossover on the daily stoch above the 80 mark which historically continues the upward trend.
Day chart: Yesterday's big red candle indicates short bias on this pair. Price may keep going down to test 1.6800 support. 4 Hour chart: Wait for a consolidation to see if there is a reasonable stop loss when price breaks yesterday's low.
Ichimoku 1 hour chart for GBPUSD : The LS is in the cloud and price crossed the cloud while downtrend through a thin part of the cloud, and now price is under the TS. Will LS encounter a resistance of the SSA line of the cloud => That would induce a bouncing of the price on the TS and confirm a bearish trend. If not = If LS can get over the SSA line of the cloud...
Monthly candle broke trend line. Long from here to target the retest. Look for daily PA in green box for shorting.