The
Accumulation Completed on GBPUSDGBPUSD has completed the accumulation phase of soaking up sellers.
Has shown signs of strength in as terminal shakeout, cross both the minor and major creeks. The GBPUSD should enter the markup phase, after price has now backed up to major creek.
Wait for the next candle, if it breaks the daily pivotWait for the next candle, if it breaks the daily pivot, short
Monthly Double TopWe have a breakout and a monthly resistance hit. On the daily chart you can see that he failed two breakout attempts to the bullish side. He formed a double top on the 4h chart. This indicates a bearish movement which could continue to the downside. Whenever he should break the trendline, there is an possible entry point.
LONG Trading the head and shoulders patternsn the above chart, we notice from the left of the chart, that price was in a down trend. Soon, it establishes resistance level and drops lower only to rally back up to test the resistance. On successful test of the resistance, price drops back to make a lower low, forming the head and eventually makes the right shoulder.
After this, price breaks the neckline resistance and starts to rally. In terms of the projected price, it is the measured distance from the head to the neckline, projected upwards from the break of the neckline. As can be seen from the chart, price continues on to rally making new highs.
Trading the head and shoulders patternThe above chart, we notice from the left of the chart, that price was in a down trend. Soon, it establishes resistance level and drops lower only to rally back up to test the resistance. On successful test of the resistance, price drops back to make a lower low, forming the head and eventually makes the right shoulder.
After this, price breaks the neckline resistance and starts to rally. In terms of the projected price, it is the measured distance from the head to the neckline, projected upwards from the break of the neckline. As can be seen from the chart, price continues on to rally making new highs.
Advanced Prediction Lets wait for the market to do its move Advanced Prediction Lets wait for the market to do its move
#1 Grind the the pips seriesFor safer signal, wait for blue floating line (8 period WMA) to cross red line (14 period EMA) for confirmation, then enter.
EXIT when heikin-ashi bar turns red (safe exit).
