GBPUSD is approaching its support at 1.3004 (61.8% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 1.3065 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at where a corresponding bounce could occur.
The Tidal Shift Strategy has just sold GBPUSD at 1.30264. The system recommends entering this trade at any price between 1.30132 and 1.30396. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 2.00185, which suggests that the GBPUSD could be trending downwards.The 14-period...
GBPUSD is approaching our first support at 1.3000 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level to our first support level at 1.3136 (horizontal swing high resistance, 38.2% Fibonacci retracement).
Stochastic is also approaching support where we might see a corresponding...
GBPUSD is approaching our first support at 1.3000 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level to our first support level at 1.3136 (horizontal swing high resistance, 38.2% Fibonacci retracement).
Stochastic is also approaching support where we might see a corresponding...
Pound dollar is on focus:
1.30 support is the key level for this pair,
bearish breakout of it will trigger strong selling reaction.
Sell only when daily candle closes below structure
or wait and sell the retest of a broken level.
Targets based on structure:
1.28 and 1.27
GBPUSD broke the key level 1.3029 and is currently entering a downtrend movement, using the Trend ribbon we were able to find the reverse point.
- SL placed over earlier resistance
- 120 Gann Cycle of the Inner Year. From the swing low on December 12th, 2018 to the open of April 19th, 2019 is 128 days. Gann wrote that the 120 day cycle should be watched as a low/high countertrend, especially if a high/low was found at 90-days. There was a high found in the 90-day cycle, so this 120-day cycle low is in.
- Gann Date of
- Full Moon on April...
GBPUSD is consolidating in a very narrow trading range over the past couple of weeks.
You can see that the orange line is capping the upside potential.
However, the support zone is very strong and I expect GBPUSD to go up from here.
What I'm looking for is the price to break the orange resistance line strongly and then consolidate above the orange line.
That will...
GBPUSD just could not break the upper line of the blue channel after breaking through the red longterm trend line.
It is now on its 3rd wave of 5th wave, looking for 300 pips to next support.
Our target probably need 1-3 days to reach.
LESS IS MORE!
Stochastic indicator shows that we are in oversold zone . We have a combination of bullish shark pattern and butterfly pattern ; price might go up to test 1.315 and form a bearish gartley at that level on bigger movement.
The pair may grow.
On the daily chart, a correction of the higher level ended as the wave (2), and the development of the wave (3) began. Now the first wave of the lower level 1 of (3) is forming as a wedge, within which the correction iv of 1 has ended. If the assumption is correct, the pair will grow within the wave v of 1 to the level of 1.3429. In this...
GBPUSD, often referred to as “The Cable”, a foreign exchange term used to describe the British pound vs the US dollar, is one of the oldest traded currency pairs. In July of 1866, after an earlier failed attempt, the first reliable exchange rate between the British pound and the US dollar was transmitted between the London and New York Exchanges. Optic fibre cables accompanied by satellites handle the Transatlantic communications today.
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