GBPUSD Near Term - and Medium Term swing set-up Maybe about to get stopped out of the Sterling short trade here for a 10 pip loss (stop at 1.337) If so, it's a small loss at least - but need to cover the implications from here, if struck ... Sterling would then be likely to rally further by about 90 pips to 1.3475 - but intend to close down any near term longs...
Long-term (Weekly) bullish trendline has been broken and retested (4H view). First target is 0.87525.
After the Euro plummeted against the British Pound in the middle of September, the rate rebounded against a dominant support line. As a result of the rebound a junior channel down pattern has revealed itself. Due to that reason the rate is set to decline in the medium term. Meanwhile, in regards to the short term, the pair is squeezed in between the resistance of...
The ascending trendline has been broken and retested, i could have waited for the current candle to close but the previous high wave candle was very bearish in my opinion. Weak retail news from the UK and positive US news were also taken into account. Let's see how it plays out.
Pound seems to be regaining strength. Ascending trendline bounce off 1.30447 and retraced. currently resting on 38.2% Fib zone. 78.6% retrace (1.35233) then if we break ,1.36584 sellers tried to drive price down but failed. looking out for fundamentals to help drive price up.
A break below the neckline could see this pair dropping to 1.62000.
Recently the Pound reversed its direction against the Australian Dollar and formed a medium term channel patter, which just recently did something that was largely unexpected. The pair has revealed a large scale triangle pattern by breaking a medium term ascending channel pattern, which was expected to represent one of the many rates rather long term ascends. If...
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...