Do you agree with this set up? Feel free to drop me a message to share some ideas or advice.
hey guys, GBPCAD is trading on a key daily structure resistance. The price formed a completed harmonic bearish bat pattern. Friday's daily candle was rejected. on 4H the price is contracting within a rising wedge pattern. after an attempt to break through the daily structure, the price has formed the inside bar candlestick formation. 1.714 - 1.7207 is the...
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, GBPUSD reached a key daily structure yesterday. the price has formed a perfect dodji candle on that and on 4H we see a strong bearish reaction with a bearish engulfing candle. the last resort for buyers is the support of the rising wedge pattern on 4H. in case of its bearish violation, the price may drop even lower. our trigger is 4H candle close...
Based on the 4hr tf we could see clearly an inverted head and shoulders are forming. This also go along with GBPUSD pattern. We could see price continue to go up as GBP currently gaining strength. Buy gbpchf 1.1800-1.1815 Stop loss 1.1730 Take profit 1 @1.1875 Take profit 2 @1.1950 good luck
Ascending triangle formation on GBPNZD. the leg preceding this pattern is bullish and it makes me bullish biased on this pair. the price is currently attempting to violate the horizontal resistance of the triangle. in the case of 1H candle close above, the price will most likely keep growing. next goals: 1.9240 1.9278 best entry is on retest, safest stop is...
3 touch short on the 60 minute Pound/Yen chart.
GBPUSD has violated a 4h resistance cluster. Now this area is turned to support and we may expect a bullish continuation. next goals: 1.2620 1.2665
hey guys, GBPCHF is trading above a key daily structure resistance 1.175. on 4H the price is contracting within a falling wedge pattern and it looks like soon the above-mentioned structure will be retested. it will most likely trigger a buying reaction and will give us a perfect opportunity to jump in. for confirmation, we will wait for a bullish breakout of...
GU might actually be going long...it seems to have created a corrective structure that is "not so corrective" really....it seems it has trapped sellers! (since everybody is going short on the pair) i'm seeing it respecting the 61.8 fib level as well...and might go back to last year highs// Also keeping in mind how well the pound has been performing over the...
5 subwaves of 1st wave is complete. 2nd wave in progress.
As forecasted yesterday, GBPJPY is looking to be bullish. We also stated on our group that we need to have a higher low first to confirm the start of an uptrend.
We are currently creating a lower low structure which is creating a nice wave pattern to the downside to reach the level of 1.77 a great structure level. We are currently short but be aware longs are being added. However the Aussie has had orders shorted for the past 13weeks. GBP with 54% short - 42,071 AUD with 69% short - AVG (13) - is 61,487 What can we see...
GBPNZD was steadily going down within a falling channel last week. yesterday 1.913 - 1.917 narrow demand area was reached. the price has stopped falling and with multiple rejections, bears weren't able to breakthrough. now it is bulls' turn to try: if bulls violate this area to the upside, it will confirm the breakout of a falling channel and for us, it will...
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
Hi there. Price is forming a reversal pattern to change its formation. Watch strong price action at the current levels for buy.
Hi there. Price is forming a possible continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.