GBPUSD in D TF
MACD Moving upward
RSI Totally overbought
Major support 1.19 - 1.20 ( Since 2016 & 2017 & 2019 )
First target to R1 1.25000
breaking the first R1 become S1 then will fly to 1.33 to final target
SL below 1.19000
the vote will take the Brexit with Boris Johnson with EU with positive DEAL to avoid...
In D chart im looking two possible opportunities:
1- From the current price going to 128.250 the last support have been broken, to create new HL3
( Buy in the current level SL -50 pip ).
2- If the target reach will open new order SELL from the 128.250 will target 120.650 back again to previous support and maybe lower if the candle close below the support level.
D frame we see 5 time top and couldn't break the resistance.
RSI & MACD both declining, bearish engulfing close then second candle open below.
TP as you see by Fib 4 targets, you choose and move your SL
wish you all the best
As we see we will have from very important support level two scenario, ether bounce to make new HIGH or break and make new LOW
In D frame technical indicator MACD show weak volume also RSL getting down !
For me I will wait till the major support level candle close and later will set my plan, this chart for observation and later on will set new target. Personal...
GOLD become very expansive !!
Think as gold collector and for sure you will not buy more in this high price.
double top in level 1440 couldn't break the high
Massive drop in MACD 4 Hr
RSI over bought
waiting ti break below triangle
Just easy to understand follow the A,B,C,D,
All the best and SL 1440
Observation & analysis
Monthly chart we see 3 double tops JAN 18 , Oct 18 and May 19 that couldn't break the high or resistance level of 27000 also we see Doji in month of JULY is shaping with very weak MACD falling down selling pressure !!
SL above 27115
Doji high and important signal
Targeting SHORT for M time frame:
TP1 : 25205 ( Fib 38 % )