GBPUSD Potential price movements heading into this week, I expect price to reach that contraction we saw at the top in GU, I would expect to see a reaction here, if we are going to see strong $, if we get to this block, we can look to short weakness down to new lots, for the time being I believe we are in a continuation pattern and we can look to trade GBPUSD up...
I found an idea that sterling would meet it's supply area @1.40700 since the market retest the flip-over S/R, breaking the bearish trendline, formed a bullish pennant pattern, and made a multiple bullish divergence on oscillator in confluenced as a bullish continuation signal.
Final chart from me, I realize I also said this a couple days ago lol, but I cant resist, a tight stop set up in GU with targets of 1.3960, Enjoy your weekends and lets go next week for more pips. Peace.
The long position is taken – 4H -Daily timeframe I checked and last day candle barriers are HL and HH, in 4H also I see the start of a movement from a 4H demand zone, although price broke an ascending channel it was above a fat ascending komu. Also in lower timeframes, I see HL and HH. I enter the long position and the TP is last week High. R/R = 1:1.1
Long position is taken. The price broke yesterday High and also it start the uptrend from a weekly level. R/R = 1:3.03
The long position has been taken, in the daily trend was bullish, in the 4H price broke a supply level and it was pulling back. As a result, I take a long and the TP was the last HH. R/R = 1:1.48
GBPUSD has traded into the golden pocket fibo and the 200 hour MA resistance. PPO and RSI also point to downside!
SHORTING GBP/USD from 1.38000 to 1.36000 - 1.34000. CONFLUENCES: - Sterling Sentiment overall bearish - Down trend continuation - 68.1% FIB - TRENDLINE BOUNCE - SUPPLY ZONE Waiting for confirmation of markdown. Currently in distribution phase of Wyckoff. (Lower timeframes) Entering shorts week ahead unless trendline has been broken - Bias change.
GBPUSD H1: Lots of confluence on GBPUSD here points to a break lower. Here we have a rejection of the 4 hour descending TL (on the 4 hour chart this also lines up with a rejection of the 100 EMA) The bullish push on the last hour candle I believe is one last run up before price continues its decline. 1.38 is holding as an area of support but if this breaks I...
23 mins before the London open, Nice edged just popped up when i looked at the chart. Lets go!!! No expectations as always
GbpUsd nearly completed a clear WXY corrective cycle and ended wave Y with clear 5 waves, i expect for the coming sessions to find a short term support and bounce to retest previous wave 4. before any uptrend might happen again. so we will consider the upward move a correction until it proves its an impulsive.
Lots of confluence pointing toward a decline on GBPUSD here. Here we see the rejection of the identified resistance area, in line with the downward trendline. Price is holding well under the 200 EMA also. Price action on the last hourly candle also infers a reversal. I don't really like this pair due to both GBP and USD being two dominant currencies - I find...
GBPJPY showed sharp gains on Mondays Asian and European sessions with the pair rising from a bearish 151.500 to 153.750 at its peak, looking primed to continue back towards the 155 mark which the bulls have been pressuring and sustaining since late May. Coming into todays European session, the currencies volatility had worn off and the pair has been stuttering...
GBP RETESTED AND IS GOING DOWNSIDE AGAIN. PERFECT DOWNSIDE SCALPING ENTRY
Looking to buy GBP against the green back in an area of support zone where market has tested the zone a few times already, Shorting doesn't make sense until the trend has indeed changed and reversed which so far is not the case so we will look to buy around 1.4080-1.4090 with stops under 1.4060 and targets @ 1.4180 & 1.4240
Strong bullish Momentum. Swing to upside breaking barriers.
OANDA:GBPUSD The price is on the monthly chart is approaching resistance.. will we see a break out with the continuation of GBP bullishness?
This is a beauty, a daily Gartley formed on GBPJPY, you can look to short down to the set trade points, great risk reward set up.