Hello,Traders!
GBP-USD has reached a local support level
And we are already seeing a rebound
So I think that the pair might go a bit further up
Buy!
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KEY allows to enter a local position. This position is indicated by MACD on 4H and supported by a more global data on 1D TF EWO wave change.
Setup for that position:
Buy price: 0.008208 - 0.008435
Stop loss: 0.007955
Target level: 0.008967
G999 has momentum to reach this target level as shown by indicators and support and resistance analysis.
TL: 0.00804710
Buy price: 0.00700623 - 0.00731849
SL: 0.00669397
KEY enters a period of growth as does the whole market. This is indicated by such things as: EWO wave with its signal line above zero mark, MACD divergence between its lines as well as their direction.
Position for this movement:
Buy price: 0.007791 - 0.008102
Stop loss: 0.007480
Target level: 0.008769
G999 has momentum to execute this movement to Target level, based on previous indicator patterns on MACD.
Buy setup for that momentum:
Buy price: 0.00681215 - 0.00700686
Stop loss: 0.00653200
Target level: 0.00779064
ETHO comes to change based on its indicator data. EWO peaks, MACD approaches convergence point.
Buy setup for below:
Buy price: 0.0845 - 0.0885
Stop loss: 0.0806
Target level: 0.0979
ETHO recovers its positions after recent price movement. This is indicated by several things, such as: EWO peak forming, MACD wave decrease and thus using Ichimoku we can determine price levels to which it will recover. Setup with these levels below:
Buy price: 0.0801 - 0.0835
TP: 0.0945
SL: 0.0751
ETHO finally allows to use Ichimoku cloud on 1D Timeframe to analyse and extract some data from it. Even though it's raw data right now, it's still allows to find target and stop loss levels with data from EWO and MACD. Based on Ichimoku, ETHO will find itself at 0.014 soon. Levels below:
SL: 0.0815
Buy price: 0.1030-0.1070
TL: 0.1485
G999 gives several signals, that allows to expect change in its movement. Such as: MACD wave weakening, EWO forming peak, RSI being more on the oversell side. These signs allow to draw target levels below using fib:
Target level: 0.0056
SL: 0.0040
KEY excedeed it's resistance levels and now has a good chance to achieve 0.0096 level. EWO changing adds to this expectation, as well as recent MACD signal lines convergence point with wave change.
Target level: 0.0096
Main support level: 0.0077
Secondary support level: 0.008
G999 enters a position of reverse. This suggested position is supported by things as EWO change, MACD wave positive and RSI angle. Based on these arguments, setup below was made:
Buy price: 0.00616685 - 0.00631183
Stop loss: 0.00592961
Target level: 0.00679949
KEY allow to enter. This suggested position is supported by two things. MACD convergence point and EWO peaking. Based on these two presupositions, setup below was made:
Buy Price: 0.010603 - 0.010666
Stop loss: 0.010343
Target level: 0.011268
G999 achieved a good point to break 0.0050 resistance level. Several things show this: MACD signal lines close to cross point as well as it's wave change. EWO peaking and RSI angling. All of that combined creates a prepared position to achieve this level and go further
TL: 0.0057
Target level of growth for G999 will be 0.00535 based on previous touches. If it breakes this ceiling then there is a clear way up to 0.0057.
Target level: 0.00535
Buy price: 0.00505-0.00510
Stop loss: 0.00488
ETHO ground for future growth is starting to open up as EWO tends to incrementally approach mark 0. The main support level is at 0.0940 zone. This combined allows to expect next price movement soon.
Target level: 0.1660
KEY opens another possibility to enter. MACD wave incremental upward movement, EWO peak, an RSI in combination with forming pattern - all of that signals an opening.
For that I've made setup below:
BP: 0.009693 - 0.009832
TL: 0.010229
SL: 0.009502
ETHO changes its trend. This is indicated by such things as: MACD convergence point and wave change and EWO approaching point of incremental growth. Buy setup for that below:
Buy price: 0.0990 - 0.1030
Target level: 0.1240
Stop loss: 0.0890
