GBPUSD - Rising Wedge Possible scenario on the chart. Targets on the chart. Alternative scenario on the chart. Thank you for your attention.
This thing is consolidating right now. Once it's done moving sideways, I believe it will move up. Should be a couple hundred pips if played correctly. Also above the ichimoku cloud on most time frames. Biased is still bullish.
GBPUSD has settled above 1.3 following today's GDP data. In order to reach 1.325-1.33 it will have to break above the 1.31 structure. Notice the trend line (green line) - A breakdown below it can change the destination of GBPUSD from 1.325 to 1.27.
Pound Franc looking long for a quick 300. These pound pairs have a lot of volaility lately. Formed a higher low and a higher high. Looking at a potential elliot wave. RR ratio almost is great. If it breaks below the previous low then this will be invalid making me have a tight stop loss. Looking for wave 3 to go 1.6% of wave 1 for tp1 and tp2 will be the...
Just been triggered into a long on FX:GBPUSD . I have taken two losses previously lets see if I can end the streak.
the pairs is currently try to make new LOWER HIGH * LH before going down. My target sell is between prize zone 146.175- 145.795 on the fibo level of 50% -61.8 % . make sure to watch out for high market impact today on Prelim GDP q/q . Target TP is around 144.042 . happy trading
GBPUSD set to break of a range it has been trading in for while now since october of 2016 All indicators pointing to the upside for me respecting trendline and fib supports perfectly We may finally see GBP breakout to the upside I entered this trade on Friday before markets close around 1.29900 SL:1.295 TP:1.312 3.01 risk reward ratio
GBPTRY has entered a bullish trend and MAs play a role of support structure that keeps the trend in its current direction. Considering MAs, one could also say that there has been a bullish crossing of 150 and 200 MAs. Moreover, since the green vertical line that identifies the beginning of the trend, RSI has never been below the red support line (could be seen on...
Price action push back down around the 0.88550 (Blue Line) which bring my bias for a possible short. TP: 0.87700 SL: 0.88920 as i don't believe price action will go near the daily resistance level of 0.88810 Both fundamental and technical analysis.
DISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas". Alright so on my last analisys for this pair I saw the bounce and the end of the that downtrend. So lets see how high this pair will go. Monthly: Ok...
On the daily we see a break and retest of the resistance. Looks like the bears are running out of steam and showing slight divergence on the RSI. This could be the beginning of the third wave. Long term can add up to 3000 pips on the elliot wave. It's already reached a record low and the higher highs and higher lows have kicked in. BUY!
based on my analysis, the pound will go up around 1.2879 price area and probably will hit rock bottom again. make sure to put a stop loss around 1.2908 to make a sweet trade. probably gonna make new Lower high(LH) right after you saw the previous Lower(LL) low before making for a new Lower Low! watch carefully. make sure to follow the money management and trade...
Here we have GBPJPY forming a trend continuation pattern. Watch the top for price action to get into the market.
BASED ON MY ANALYSIS WE COULD PUT THE PO SELL LIMIT AROUND THE RED HIGHLIGHTED FIBO AREA IN BETWEEN 61.8% - 50% WOULD MAKE A GOOD TRADE SETUP. THEN THE FIBO LEVEL RANGE IS ON THE SAME LINE AS THE TREND LINE WHICH IS PARALLEL TO THE PREVIOUS LOWER HIGH. BUT WATCH OUT FOR THE BREAKOUT ON THE TRENDLINE , THE NEWS BOE ON "Average Earnings Index 3m/y " MIGHT HAVE...
It is JUNE! First idea is up! Lets start with POUND BAT formation detected on H4 & D1 chart. Strong support around 1.277x area. I am siding with LONG on this. Personally I entered last evening @ 1.27750 TP target around 1.3000 area. **Same, cautious for NFP data tomorrow :)
GBPJPY In Strong Downtrend, Eyeing 141.00
GBPUSD near to 1.2780 support, If breaks it then we may see 1.2520 - 1.2575 and then potentially high swing to 1.31xx levels.