GBPAUD is stuck between two key daily levels. the price is consolidating within a wide horizontal trading range. 1.814 is the support of the range. in case of a daily candle close below that, the price will most likely drop. target level will be 1.796 1.839 is the resistance of the range. in case of a daily bullish violation of that, the price may continue...
as seen on the chart, wave 5 was preceded with a triangle corrective pattern serving as wave 4. An ideally, after the completion of an impulse the corrective structure began rapidly on the opposite direction of the trend, Now we are selling wave 3 of the C leg of zig zag correction
GBPNZD looks good to buy for a nice long trade. targets as shown.
Hi there. Price is moving impulsively to the downside. Wait for the price to form a continuation pattern and watch strong price action for sell.
GBpusd is currently heading for wave 5 which will give us a room to short the pair after its completion. No one can say precisely yet where wave 5 will terminate but we expect a vivid count of a complete impulse that makes up wave 5 and a confirmation candle before we decide on this trade. So I will wait till wave 5 completes.
There is a clear sign that GBPUSD will test 1.3149 once again. the price has penetrated the resistance at 1.31200 once again and is clearly will break it if bulls support the breakout.
The pair had broken out of the long term downward resistance line and is now consolidating below the resistance in the bullish triangle/flag. Even though the pattern is bullish, it can break out either way, thus: TRADING PLAN: 1-wait for the breakout, either way 2-make sure it is confirmed 3-Enter the position on the pullback, according to the direction of...
GBPCAD is trading in a local bearish trend. on friday 4H structure resistance was reached and from that, we expect a bearish continuation. the price formed a double top with a lower high formation on 1h, confirming the strength of 4h structure and now we are looking for a bearish violation (1h close below) of its minor support 1.735. as soon as the above...
In upcoming week we will be focus on this pair for Short Opportunities !
I am expecting GBPusd to still once it breaks the confirmation region based on the Elliot wave analysis as shown on the chart
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for sell.
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for sell.
hey guys, though during the last few weeks EURGBP remains quite weak, we should remember that technically the trend is still bullish and the market keeps growing within the expanding wedge pattern. during the current trading week, we saw a false violation of the support of the wedge. trading for a couple of days below that, bulls have managed to return back...
I am expecting an opportunity to sell at the breakout of the flag.
Since this pair has reached an important level there's a chance of a bounce back down as seen before but unlike before we see price tapping on 139.500. If this pair decides to be bullish, I expect a big run to 141 and any bearish move we could revisit 136.
Just as any Yen pair, GBPJPY has too many levels to account for, yet I've been able to dig through them for you and here is the analysis. The charts above are there to show you the big picture. So the pair has broken two important diagonal resistance lines on the daily, and is now storming the horizontal resistance line, which tend to be more precise. There...
I am expecting a breakout of the parallel channel which serves as a zigzag correction. Then I will sell for wave C leg