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
# GBPTRY's weekly chart has a clear bullish pennant pattern.. I expect a structure as I mentioned in the chart.. Disclaimer: Please do your own due diligence when it comes to forex-trading.. Invest at your own risk.. I wish you all the best..
GBPAUD broke a major rising trendline on a daily time frame! now we can expect further bearish continuation to the next structure levels: support 1 - 1.92 (based on a match between historical levels and 382 retracement of a major leg) support 2 - 1.88 (based on a match between historical levels and 618 retracement of a major leg) good luck!
GBPAUD broke a major rising trendline on a daily time frame! now we can expect further bearish continuation to the next structure levels: support 1 - 1.92 (based on a match between historical levels and 382 retracement of a major leg) support 2 - 1.88 (based on a match between historical levels and 618 retracement of a major leg) good luck!
Hi everyone and welcome back to another trade idea for GBPNZD. In this video I discuss a possible swing trade to the downside, 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 agree or disagree with the set...
GBPCHF has reached a strong 4H structure. after a rally from 1.188 the price has finally stopped growing and the market is consolidating in a narrow trading range. on 1H the price has violated a rising channel to the downside and now we see an ugly head and shoulders formation. 1.202 is the neckline. it should be broken to the downside (1H candle close...
hey guys, I posted a trading plan for GBPAUD with a h&s trade 14th of April. +150 pips were made on that trade and now we see the same pattern forming. we still are trading above a major trendline and the neckline is based on absolutely the same level as the before mentioned setup. my trading plan is the following: I have an alert above 1.973. we need a 4h...
Technical Market Outlook: The GBP/USD pair has made a local low at the level of 1.2388 after the 50% Fibonacci retracement had been violated. The larger time frame trend remains up, but in the short-term the bears are in control of the market and the next target for them is located at the level of 1.2369 (61% Fibonacci retracement of the last wave up). Please...
if we can pull back into structure and reject would be interested in sells, or you could even look at buying this back up to support if you think about what others are thinking.....re test of support? have a good day trading guys
Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to complete the pattern and watch strong price action for buy.
Hi there. Price is moving impulsively to the downside and on lower time frame is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
hey guys, its the update for my previous post on GU. on Friday we have not seen any strong movement and for now, it is clear that the pair is stuck in consolidation: from Thursday the pair is trading within 1.252 - 1.242 and market participants are waiting for some trigger. next week pay attention to a breakout of the range. in case of a bullish breakout,...
Sterling will continue to weaken USDGBP end of wave 2
Morning guys! GBPNZD is approaching a key structure resistance level on 4H and daily. 2.097 - 2.104 is our potential reversal zone. to catch a pullback from this level, pay attention to a rising parallel channel on 1H! bearish breakout of that (1H candle close below) will be a perfect trigger to short the pair. target levels: 2.080 2.065 stop above higher...
Hey guys, I personally am not going to trade this but I saw this and thought it would be nice to share it with you. I personally think CABLE and DRAGON are acting up for this reason and essentially there is a short term bubble in them. I personally am waiting for a little bit of a push upward and then a return back to the normal descending trend. Thank you, Masih
GBPCAD has just broken above a key resistance level. The candle has already closed and the breakout is considered to be confirmed. now I expect further bullish continuation to 1.757 good luck!