There is a Cup & Handle formation on GBPUSd pair. If it breaks, price target is 1.7
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The deputy governor of the Bank of England, D. Ramsden said the central bank is keeping a close eye on the property market boom as it could add to price pressures, threatening a post-pandemic economic recovery. Technically we can see a Bullish Rising Wedge formation. Traders, if you like this idea or have your own opinion about it, please write your own in the...
If it breaks down could fall down :):):)
I expect a pullback for GBPJPY in the selected area, that is a good sell zone/pullback zone. The target is 146.00/145.90 and here we will see if pattern will became a HnS (and price will go up again) or if the trend will be confirmed. Enjoy the pullback!
As many other US Dollar involving currency pairs, the GBP/USD has bounced off a resistance line. However, if one zooms out the chart, it can be observed that the currency exchange rate has bounced off a medium term resistance line. Meanwhile, it is set to surge in the borders of a large scale descending channel pattern. The surge should occur, as the rate forms...
Hi guys, as you may know from my previous analysis on this pair, i've been looking at it for several days, as soon as we broke the level represented with a yellow box, that is our previous daily resistance. Once it's been broken, my bias has turned into bullish because i know that a break of structure to the upside can mean a trend continuation opportunity. I...
Hi guys, i've looking at this pair since we've reached the yellow zone highlighted on the left hand side of your screen. And i'm now getting involved because of the false breakout that you see on the right hand side of your screen. But let me be clear: first, we are at a major structure level on the daily timeframe, second, we've reached overbought condition on...
Hi guys, i've looking at this pair since we've reached the yellow zone highlighted on the left hand side of your screen. And i'm now getting involved because of the false breakout that you see on the right hand side of your screen. But let me be clear: first, we are at a major structure level on the daily timeframe, second, we've reached overbought condition on...
Hey guys, this is an hourly chart of GBPCHF and i'm taking this long trade because price is founding some support in a key daily structure and that meets my rules of engagement since we have a nice double bottom (you can see it by zooming in or going on even lower timeframes) and a nice engulfing candle on the 4H timeframe. Bigger picture is always important to...
The Pound continued to trade in the previously charted channel down pattern against the Japanese Yen until November 10. A rebound then broke the pattern before the rate declined down to the monthly S1 at the 148.15 mark. The rebound from this monthly pivot level revealed the existence of a lower trend line of a possible large scale channel down pattern....
After the recent development and breaking of various minor channel patterns the Pound has revealed a new direction and a new long term pattern against the Japanese Yen. In general, the most junior channel up patter was broken at the end of the last week. Meanwhile, a dominant descending channel was broken previously. The possible breaks could have been spotted...
We'll watch candle close. After that, we have 3 TP level. Good luck.
As you can see on the weekly chart this has been repeatedly closing below the resistance level after failing to break i see this as bearish price action and would predict for this to drop this week.
Hey guys, here you can see a Bat Pattern that's ready to complete on 4hr chart. Its completion point comes right at a key level of daily structure that could push prices lower. RSI is near to overbought condition and a psychological level lies right there. You can either choose to take the bat pattern at the D point or wait for price to come to the yellow box and...
Hey guys, i want to wish you a nice weekend by offering you these two harmonic patterns (one is almost complete) on GBPJPY. Stops below X, targets at 382 and 618 retracement of AD leg. Good trading! If you want to ask questions, feel free to write them below. Otherwise, see you in the next chart!
Hey guys, just wanted to share my view on gbpusd; as you can see price has recently broken to the upside this simple pattern called triangle. It's basically made of two converging trendlines that encompass price action. You can take advantage of this pattern by simply buy at the first candle close above/below one of the trendlines, or you can wait for a...