on Cable we have a Break of the Weekly Trendline and weekly Closure below monthly support at 1.3250. A retest to the zone and break below the Moving Averages has indicated a bearish Move potential with a 250 Pip Decline very Possible in the following weeks. I am looking to Short GBP/USD Following the Monday Open
After breaking below strong support at 1.3700, we are waiting for a small retracement to be sellers again. BOE will have a meeting on Thursday 10 May and that will be a big day for GBP.
long term chart on #Gbpusd is aiming for wave four to retest the bottom of wave 1 which can be a perfect area to try to short this pair aiming for new lows on the long term monthly chart. closing above 1.4650 will invalidate this scenario and gain bullish momentum to revisit 1.70 area long term.
Confuences between 38.2% retracement, 61.8% retracement, the monthly support level of 1.40 is going to be retested and a candle forrmation of a "ladder bottom" to be confirmed with the monday`s candle, key level on Daily candlesticks + MA`s crossed to the upside, next target is the -27% extension (1.4310)
Looks like we have last bearish leg remaining in GBPUSD to complete ABC bearish corrective wave before Up trend resumes in GBPUSD
I would like to continue riding the uptrend of sterling dollar. Reasons are basically the pair has been in an uptrend for quite sometime and that would be a safer bet to ride the trend and be friend with the trend as they say. This may take some time to happen but if happens it will pay good pips. Long @ 1.31489 SL: 1.27116 TP1: 1.36739 TP2: 1.39900 Follow us...
Keeping it simple here with a key area marked, fib and trendline . Uncertainty and recent events in the US could leave to the dollar weakening more over the coming days / weeks. With the fib drawn we could potentially be in for a bounce from the 61.8 level and looking at the 4hr chart this level matches us with some previous support that we are consolidating...
GBPUSD BEarish BAT 1. Fib confluence 2. major structure resistance 3. 61.8 FIB 4 Going along with trend 5. the pair had violated the 50DMA and 20DMA
As you see on the Chart, GU created a double top at 1.2950. It´s between our FIB Region of 1.2905 - 1.2980. If we see the break of 1.3015, we may can see the upside really to 1.3350. Follow the arrows and be patient.
** It may bounce back a little bit to retest at the PC of the previous value. ** TP levels on the chart. GLHF
GbpUsd - Daily - Longs in play.. price trading in a bullish structure making new higher highs and higher lows.. the trend is bullish so we are buying on a pull back
As you see on the Chart, GU creates a H&S pattern, break through neckline resistance at 1.3080. If we see the retest of broken neckline and Resistance (which turn into support), we could look for an 120 - 140 PIP upside move.
Just been triggered into a long on FX:GBPUSD . I have taken two losses previously lets see if I can end the streak.
We pulled now back in our 40PIP´S FIB region to create that FIB C Leg. We also rejected of H4 Support 1.2970 and break CTL so far. Can we see a clear bull close above 1.3010 on next H4 close ? Then we may reach our Targets at first 1.3120 and second at 1.3170. Keep your eyes on the Charts..!!
Long trade just entered on FX:GBPUSD . Lets see how this goes :)
GBPUSD double bottom on a smaller time frame, expects a rally after a correction,supported by a 50DMA near 1.2870, so until prices closes below 1.2845 expects a rally