The $1.32 Resistance Rejects Sterling’s Uptrend Throughout the Week The British Pound has been able to recover quite nicely against the U.S. dollar. After the massive nosedive it took in early March amid fears over COVID-19, Sterling began trending up. Prices rose to a high of $1.317 on Friday, July 31st, only a few cents below where GBP was trading before the...
Elliot wave is one of the best technical strategies if it principles, are well applied. On the GBPUSD chart, we can see that the fall on gbpusd was a retracement of wave 4 , the corrective pattern for this reteracement may not be accurately predicted until it completes, so we expect to go long after the completion of the minimum of a zigzag corrective pattern.
GBPUSD is now trading within the influence of several support-resistance lines and is approaching a strong resistance area with 3 breakout attempts held. Confluence of the support-resistance lines is forming a bullish triangle, indicating a potential further weakening of the dollar. However, the resistance is strong enough and therefore I am bearish short...
GBPCAD has reached a wide daily supply zone. the price went rejected on Friday confirming the strength of the underlined structure. on 1H the price dropped with a strong bearish impulse (flag pole) and currently is trading within a horizontal parallel channel (bearish flag pattern). sell signal for us will be the bearish breakout (1H candle close below) of...
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.
GBPCHF is stuck in consolidation. since July the pair is trading within a wide horizontal range setting equal highs and equal lows. to clarify the future direction of the main we should wait for a daily violation of the range first. 1.19 is its resistance. in case of a daily candle close above that, the price will most likely keep growing, next goal will be -...
#GBPUSD (Update) Forming Higher Highs since 1st July. (Ascending Channel Formation) At the Moment, Facing Resistance & Also in Over Bought territory. Expecting Bearish Wave, Might Retest the Major Support (1.28**) Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your...
pound closing in on some resistance with possible 3 drives pattern completing? lets see if we can hit 12960
break up in line purple. and i have SL in 1.7999 and TP in 91 pip. lets play finish or not. overall trend line bull in H4
The Pound Reacts to New Stimulus Plan that Aims to Jump-Start the Economy The ongoing global pandemic has wreaked havoc on the United Kingdom's mostly service-based economy. As roughly 75% of the nation's GDP is composed of services, manufacturing, and tourism, the government's lockdown restrictions have had an enormous impact on Britain's economy. The...
hey guys, confirmed daily candle close above the previous June's structure high. now bulls will most likely push higher. next strong resistances: 1.294 - 1.302 area based on a projected harmonic movement, fib.extension confluence and structure 1.315 - 1.322 area based on a fib.extension confluence and structure to short wisely from these levels, always look...
Hi there. Price is moving impulsively to the upside. Wait for the price to form a continuation pattern on lower time frame and wwatch strong price action for buy.
Hi there. Price is moving impulsively to the upside. Wait for the price to move correctively to the downside and form a continuation pattern to the upside, then watch strong price action for buy.
GBP at major resistance zone 1.2757 - 1.2819 which was last year open. Buying breakout once happens. If pullback long at 1.26 🎯 Target 1.290 / 1.295 / 1.3
Here is an update on the Gbpusd chart analysis I posted last week.. You can see the Elliot wave count better. Goodluck
Confirmed bullish violation of a horizontal neckline of an inverted head and shoulders pattern on GBPNZD. after a long accumulation within a wide horizontal range, we saw a high momentum bullish candle, short indecision and then confirmed violation with an 8H candle close above. now bullish continuation is highly probable. target levels: 1.938 1.945 the...
British Pound shows an upbeat movement even though in the light of Brexit struggles. I can totally understand why the market is on sideways or consolidation phase. The trigger for British Pound to become bullish will be the favourable deal on Brexit anytime soon. Key Trading Plan: i) LONG if the price breaks the resistance of 126.00 with the Take Profit...