Hi there. Price is moving impulsively to the upside. Wait for the price to complete the continuation pattern that its forming and watch strong price action for buy.
Price broke below the 1 hour support. Formed a lower support, then retraced back to the previous support it broke, and formed a resistance. Confirmed entries on the 15 hour timeframe with a bearish candle. Targeting shortterm profits of around 200 points / 20 pips. Cheers, G. Currency pair: OANDA:GBPUSD
we see a very rare triple top formation on gbpcad daily chart! to short it wisely we need a daily candle close below the underlined support, to then sell on a pullback! stop will be 1.741 target levels: T1 - 1.70 (50% profit taking) T2 - 1.675 P.S remember that it can easily turn to quadruple top)) the plan will be the same!
potential harmonic gartley formation on EURGBP. the price is currently on its way to a D point of the pattern. 0.8845 - 0.8863 is our sell zone: it is based on 1.272 extension of AB leg, 4H and Daily structure. stop will lie strictly above the zone: 0.8885 targets: 0.879 / 0.8744 if the price drops and violates the A point, pattern will be invalid!
We only interested breakout of trend line (ii) - (iv) / breakout of 1.24181 resistance to start buy this pair. Invalidation : 1.22476
gbpnzd has reached a key structure support level. we see a perfect confluence of a retest of a recently broken trendline, horizontal support and recent higher low formation with a breakout attempt of a small wedge pattern. based on that the pair will most likely keep growing today! to long it wisely I would suggest waiting for a 4H candle close above 2.025...
hey guys, today be focused on GBPUSD! on 4H the pair has reached key horizontal structure support. moreover, the underlined support matches perfectly with a support line of a rising channel. recent dodji candle and sideways movement during the last 4 hours leave us clues that the market reached a key decision point. on 1H we see a narrow trading range and...
Looks like green trend line is a strong resistance
hey guys, for the entire month of April EURGBP is trading in sideways. the pair is stuck in a wide 0.868 - 0.883 trading range. the support of the range is based on a key weekly level. the resistance of the range is based on a daily structure. if you are a swing trader, the best option is to wait for a daily violation of the range: in case of its bullish...
hey guys, for the entire month of April EURGBP is trading in sideways. the pair is stuck in a wide 0.868 - 0.883 trading range. the support of the range is based on a key weekly level. the resistance of the range is based on a daily structure. if you are a swing trader, the best option is to wait for a daily violation of the range: in case of its bullish...
EURGBP has successfully closed above a 0.875 4H structure resistance. then the price retested the broken level and I opened a long trade! I expect a bullish continuation to 0.88 and 0.8835 level!
GBPAUD is very close to a recently broken major trendline. I believe that the pair may start falling from the underlined area and will be waiting for a signal to short from there! short rally from the beginning of April determines a prevailing bearish sentiment on the market, so this two days bullish movement is considered to be just a pullback for now!
Expecting two scenarios on GBPUSD. If you find this analysis useful, kindly follow and like. Thank you
Hi everyone and welcome back to my GBPNZD trade update. In this video I go over the positions we took on the market, the results of our areas of interest, as well as providing you areas in the market to pay attention too and what exactly it is I am seeing to give me this bias! If you enjoy the content give it a like, follow me for more trade ideas and if you...
hey guys, after trading above a key level for a while, gbpchf returned and it looks like the breakout was false. moreover, the price has violated the rising channel to the downside so it feels that the price will go lower. for today the forecast is bearish and local goals are 1.205 / 1.202
morning guys! EURGBP is stuck on a key structure support level. yesterday, once the market reached it, the price has started to consolidate and formed a classic candlestick pattern - inside bar. 0.8718 - 0.8688 is our current decision range. six 4H candles are already within that range and to clarify the future direction of the pair we are looking for a...
The FTSE100 is entering a consolidation and trading range between 5450 and 6332.
GbpUsd has formed H&s and if pattern holds then price can go as low as 1.185