Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current levels for buy.
GBPCAD broke below a rising channel on 1H. the price has set a lower high and formed a h&s formation breaking a horizontal neckline as well. now I expect a further decline. T1 - 1.6768 T2 - 1.6840
The 3 day chart shows us the pair is in the horizontal resistance/decision are. The resistance is strong and therefore I am short biased. The closer look shows us that he upward movement was being conducted within the channel, which somewhat limits the short's potential, giving it an additional support. Anyhow, wait for breakout for both scenarios, as...
It is evident from this chart that the pair is full of nice levels. The price is currently at a narrow channel's resistance area, with the greater 4 year Brexit channel resistance being within the reach. However, the big news is that the UK and the EU in a surprising move, decided NOT to extend the deadline of the post Brexit transition period, which means...
Potential scenarios / structure analysis / technical analysis explained.
On the Cable we have it where the pair completed a Alternate Bat pattern but not before it tested the Patterns Harmonic Optimal Price. The price gapped down and slid ever since. This is the First time in a few days where there was a bullish day and i do believe there will be more. both sides are stepping closer to the Zero Line and we might see a switch in the...
Pound swiss got rejected from a key daily structure. after the price has set a higher low on 1H, it has violated a falling channel to the upside. Now we can expect a bullish continuation. buying volumes will accumulate within the zone between the resistance of a broken channel and horizontal daily support. from this narrow area, the price will most likely...
We are waiting for the break of our trend line - as the USD is gaining strength and the GBP has got alot of short orders against the Dollar. What can we see technically? - Daily bearish , - weekly bearish - bounce from the demand zone zone. - we can see the trend beginning to add long positions to correct. - we have made lower lows and lower highs- showing the...
EURGBP 240 minute chart. Price looks set to re-enter the expanding channel after hitting resistance and retracing from what looks to be a probable false breakout. We sell just inside the channel to the base of the channel. R/R 4.38%
hey guys, I took a long trade on GBPJPY to catch a pullback from a key daily level. on 30m chart the price formed an ascending triangle formation and just recently broken above its horizontal support. I entered on retest and expect a continuation to - 113.4 my stop - 132.62 risk - 0.5% good luck!
Sterling pound is struggling on different levels: 1- BOE disappointed investors by providing less liquidity than anticipated. 2- Brexit woes. 3- Fear of second Covid-19 wave. 4- Economic recession All those factors are weighing on the pair which almost completed a head and shoulders pattern on the 4H chart, but still waiting for confirmation. Bears and bulls are...
On average during election years, the pound has a sharp selloff beginning around June 15 - June 20 during election years that lasts the remainder of the year. There has been plenty of volatility in currencies and equities this year because of the virus reset, and this volatility can continue to year end. The target shown is just a minimum target, however a...
GBPJPY has been rejected from a key 4H structure resistance. the price has formed a double top with lower high on 1H and just recently broken below its minor support. I have my sell limit on the retest of the broken level to short the pair. goal: 134.3 good luck!
As shown on the chart, based on Elliot wave count, the corrective wave 4 has ended, this give an opportunity to trade the last motive wave 5. This is in confluence with the 50 to 61.8 fib level of BC a 5-0 pattern, expecting to trade the D leg The risk reward ratio is 3.7 If you find this idea useful kindly follow and like. Thank you
FOREXCOM:GBPUSD Hello guys, If you have any question, drop it below in the comment section. Remember to always react to the market.
FOREXCOM:GBPJPY Hello Traders, drop a comment below to ask questions or make suggestions. Remember that market is reactive and not predictive.
Here we have the BXY or the Pound Index. Im not gonna pretend i know what curriencies make up the BXY its worth a google if you want to know. But what we have here Is an Alternate bat pattern that tested the HOP and was rejected. I am gussing the pattern will drive down to the 382 retracement of this pattern and then start moving up. I say this becasue when you...