breaking of the box will trigger a powerful move. Let's see which way the price will go, the trend is going south for the moment.
Could it be False break? Let's keep an eye on this pair, Monday will be interesting day!
price have been looking for a direction, not advised to trade at the moment.
price is struggling to break TL
sell on break of line
price failed to break .9579 level. bear pressure expected
GBPUSD at a sensitive area. breaking the up channel could drag the price to deeper bearish moment, next week is critical week for GBP pairs.
if the price breaks upward trend line, we could see huge sell pressure.
short after break of red line, which is 4hr support.
long term trend has been broken, price couldn't break strong resistance on the short term. on weekly chart, five waves had ended and now we are in correction. I expect resistance won't hold for long, high probability trade low risk.
i'm looking to short GBPCAD around 1.6740, TP 1.6390 and ST 1.6855
wait for a structure completion !
Stranger dollar, clean structure!
Sell after the price break out of the box. GBPJPY had great week and it's time to retrace.
My target is about 116
possible Bat pattern, GBPJPY Failed to break the resistance and i believe we have short possibility for now. 126.8 area is where the Bat pattern complete, we can take advantage of pattern.
Chart say it all, high risk trade!