Simple price action is al that yu need for a good analysis. Low risk high reward setup Come back later and see how accurate this was.
This pair formed a symmetric triangle and will have a breakout to the upside soon
We saw this pair make a move downwards last week and it is currently retesting the indicated resistance zone(Red rectangle) which is also the 61.8% Fibonacci zone I expect this pair to reject that zone and come down to the 1.17160 area This is a simple price action strategy, having 20 indicators will not help you predict market movements,you have to mainly focus...
My Analysis: 1.RSI indicates bears will be entering soon 2.Bolliger Bands : Approaching top band ,already above middle band 3.Strong daily resistance at 0.99891
Hi guys good entry for gbp/usd, we have 2 major resistance and support lines. Im not a pro but this is my personal analysis ,comment or like if u want
1.we have a downtrend channel 2. strong daily resistance 3. RSI level might fall below 40 4.Strong support line at 1.3000 ---- NOTE!!!! 1.3 is a psychologogical level and might retest when near that
Look at chart for info RSI Oscillator indicates the pair has been overbought, bears incoming!
Follow me pleas :p 1.RSI indicates overbought pair 2.Strong resistance level 3.Remeber to implement risk management ---> 3-5%
overbought pair according to RSI levels Bolliger Bands indicate Bears incoming Use proper Rik management ----> 3-5% of account
MACD indicates the start of bearish trend RSI levels indicate oversold pair Theres a strong resistance at 0.90745 area REMEMBER TO CHECK THE NEWS FOR SIGNS OF CHANGE!!! : CAD is releasing inflation numbers
1.Strong Supprt line check graph 2. RSI indicates that EUR/GBP has been oversold and is waiting for buyers 3.Risk management = 3-5% of account 4. TP : 0.85511 TP2 : 0.85571
RSI indicates pair is been overbought in 1HR timeframe Risk 3% of account TP : 1467.36
1.RSI level is high which indicates that the pair is overbought 2. Resistance at 1.0951 3. STRONG !!! Support at 1.09892 4. bolliger bands indicate its wise to sell Remember : Risk - 3-5% of account Patience is key
Why sell? -Relative Strength index indicates a "kinda" overbought pattern,therefore we look for the oppurtunity to sell. -Descending triangle has a flat bottom wait for breakout to sell Use proper risk management - 5% of your account
My Harmonic butterfly pattern analysis Support line at 1.09916, RSI level 48 possible that it might rise Remember risk management with this trade since its so volitile
Hi! GBP/CAD is testing top again at strong resistance level.Price is forming a reversal pattern to change its direction.