After last friday fibo channel on GOLD this time EuroSterling got his numbers. It doesn't need to be described. Practice fibonacci tools along with harmonic patterns and take an advantage when playing with market. Good luck.
Cable Short- Rejection from Descending Trendline 4H Time Frame
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: GBPUSD Time frame: 1D the MACD on the chart is very unusual.. When you look at th etwo EMA's on it, you will see it is declining steeply. This is not sustainable!! When they decline so fast you will normally...
Can we break this key area and carry on with some more bearish movement? Couple of possible targets ahead if we can
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: GBPAUD Time frame: 1D First of all, the break out, You will see that GBPAUD was hitting support each time and bouncing. We then got a break out of the wedge in the last two weeks and a significant move away...
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: EURGBP Time frame: 1D EURGBP is now starting to find some nice support, this coincides with previous resistance and support. If you look at the Fibonacci retracement tool you will also see price hit the .5...
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: GBPUSD Time frame: 1D GREAT! GBPUSD just entered our zone to buy! I will be taking a small buy position. I do expect price to hover around in the zone but want to get a small position now just in case it...
As PA has flattened near to 61% and 2017-07-14 low with H4, D1 bearish momentum weakening and very low ADX (H4) (which may stand for reverse), I will try to be patient and base on Daily and Weekly TF technicals I will wait for another leg down which will complete gartley 222 D-leg pointing 61% fibo retracement. If PA will break yesterday high I will change my...
Hello traders Gbp/Jpy has formed bullish falling wedge and nice opportunity will come in close proximity of support and resistance line line of the wedge, where price will either rebound or break Currently on 4H scale, we have shooting star on last candle indicating bearish momentum - it will require careful monitoring near support line We might be retesting...
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: GBPUSD Time frame: 1D I wanted to get this out before the week starts again. The pink zone is where I am looking at for a potential reversal zone. The MACD EMA's are trading significantly above the centre line...
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message! Underlying: GBPJPY Time frame: 1D I have kept people up to date with this chart over the last week or so. GBPJPY is possibly going to have one more leg up into the pink trading zone. When price reaches that zone I will look to take...
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message! Underlying: GBPUSD Time frame: 1D Looking at GBPUSD you can see it was in a wide, inclining range (shown with the orange trend lines). Price broke out to the upside and is now retesting it. This falls in line with the saying past...
If D-leg will continue it can achieve 1.272-1.618 ext. 1.272 is close to 61% fibo. Good luck
If you like this idea and commentary leave a like and follow me to get all of my updates :) Underlying: GBPJPY Time frame: 1D A few days ago I posted about GBPJPY about to hit a resistance level, this level has now been hit and price was rejected quite hard. What concerns me is that the MACD indicator has still not crossed or in a declining trend, because...
Theresa May lacked clarity in terms of how to deal with Brexit + Trump tax coming (some bits were leaked recently)
Potential reversal zone 152.80 - 154.60 I am currently looking at this zone to start selling the GBPJPY pair. Why? GBPJPY has increased by 8% in this latest push and a 10% total increase is easily reachable. Over the last 355 days GBPJPY from low to current has increased by around 20.4% which is a big move. The MACD indicator is now starting to move above...
The recent fundamental surge of the British Pound can be most noticeably seen on the GBP/JPY currency exchange rate charts. The reason for that is the fact that, while the Pound was surging due to monetary policy clues, the Japanese Yen was losing its safe haven status due to turmoil in the Korean peninsula. However, the surge might be over, as the pair has...
Price jumped o/s the ascending channel due to positive news. Price seems to have retested 1.34400 and is on its way back up. I will wait for the 4H close to jump Long targeting 1.38528.