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.
GBPUSD has been exhibiting a textbook Lower-High and Lower-Low since June of 2014.
The most recent lower-high was in April of 2018 and price made a lower-low in March of 2020.
Since March of 2020, price has been in an uptrend and has not made a lower high than the April 2018 high, IN FACT, price has reached the same high of April 2018.
This is a potentially...
Hello Dear Traders.
GBPUSD is Now on a Major Key Level and May Something Happen in the Future that change Trend Direction. So it's better to be aware And Close or Don't open Long positions to see what potential or reaction will be here. look for your Money management and strategy at this Area.
I hope you are well
In the final analysis, our purchase idea was successful and we made a good profit. But in this analysis I present two hypotheses:
1. The price will reach the resistance zone specified in 1.4142 to 1.4242, and in dealing with this zone and pullback to the previously broken daily trend line, change the trend and start a relatively...
I hope you are well
This analysis is done on a daily basis and has long-term goals.
The last time we analyzed the chart, we had a sell signal. Our sales deal has not been closed yet and about 200 pips entered the profit and returned, but it is still open.
As we analyzed last time, the previous analysis is correct and the chart could not reject the price of...
In a few previous analyzes, we thought that sales were more reasonable, and we made a good profit from these sales. We still believe that we are facing a temporary upward correction and we are waiting for the price reaction in the specified area. Our analysis is that the price after reaching this area with a Kendall pattern can give us a sell signal.
After a fantastic trade set-up for GBP/USD on my previous idea where we saw that indeed the confluence between the support zone and the trendline caused the price to go up, we are now at a difficult situation.
If you were long already a great place to exit could be directly underneath the horizontal resistance. However, if you're not in the trade at the moment...
This is my view on the British Pound/US Dollar from a weekly perspective.
I feel as though the tide is changing for the Sterling, FINALLY. The #1 indicator that'll never fail you is Price Action itself, and since we know this I'll share my thoughts as to why I believe it'll eventually head further up.
Confluence (3 or more):
1. GBP had bottomed out, but...
As the American is into the reccesion for long-term, America experiment a grant deprecciation of their value in long-term!!!
Well in monthly timeframe we could see a formation of armonic pattern, that mean that Sterling Pound it's could be to reach the 1.27% or 1.618% of Fibonacci's armonic.
It's so curios becuase hile Euro is up, Sterling is up too and have the...