As you see on the my setup chart H4 GBP USD, this pair so heavy up the mountain, slow but sure...
GBPUSD is trading within a rising parallel channel . Next week we can expect a bullish continuation from its support. The next goal for buyers is 1.2425 structure resistance based on 618 retracement of a major leg.
GBPUSD is trading within a rising parallel channel. Next week we can expect a bullish continuation from its support. The next goal for buyers is 1.2425 structure resistance based on 618 retracement of a major leg.
Sell Limit GBPUSD 1.2430, SL 1.2530 (100p), TP 1.2230 (200p), RR (Risk & Reward) 1:2
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current price for buy.
Complete correction of wave (2) on the daily time frame with an ABC pattern and a clear break out of the H4 structure. I think the market is ready for a long term BUY. Please leave a like and drop a comment to let me know what you think.
EURGBP is retesting a key daily/4H structure. the price has already been rejected on 4H and now it is forming a double top formation on 1H chart. I will short the pair in case of a bearish breakout (1H candle close below) of 0.8965 structure support. target levels: 0.8936/0.891 if the market sets a new higher high higher close above the underlined...
I think GBPUSD has a great long setup. Price is currently in the main wave three (iii) which has another 5 sub wave. The sub wave has also began wave (3), so its a great long setup. This setup can only be invalid if price settles below 1.22053 price level. Elliott wave - wave (3) of (iii). Please like for more content.
As per previous CoT report, Non commercials adding aggressive short positions. This could be potential selling from institutional order flow reports. From technical point of view, we could see that buyers are struggling to make highs. I'll be waiting for buyers to burn out before going shorts. You can Fibs or MA's for additional layer of confirmation FX:GBPJPY
Great setup to go long on GBPUSD. First correction is complete and wave 3 is clearly very visible with a target at 1.25168. My long bias will only be invalid if price settles below 1.22440.
GBPJPY playing out perfectly. I will share full update if price reaches 200% fib level.
Pound is about to go higher.Price is standing multi supports area right now. Long position will be hold until previous resistant level. Sell setup check below,
Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
GBPAUD is very close to strong weekly/daily stucture. Major rising channel and horizontal support on the left give us a perfect potential reversal zone. chances are high that the market will start a strong bullish rally from the underlined area.
FOREXCOM:GBPAUD Hello Traders, leave a comment below if you have any questions. Remember we are to react to market flow .
Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current price for sell.