Price showing strong rejection at 38.2 fib level. 4H is near overbought. Multiple overbought timeframes. 30m bullish divergence. Looking for price to break out of channel and show bullish momentum/variation on 30M, 1H and 4H for entry
Price is overbought on multiple timeframes. Currently showing bullish momentum on smaller time frame near support level. Also in confluence with rejection from parallel up trend. Looking to continue up trend for Daily/weekly highs. Stop Loss under support zone. Take profit at new highs/next support/resistance zone near 1.21660 if it breaks 1.21430.
4H Bullish engulfing. Price made higher low. Continuing to upside for new highs. next rejection level is 1.21350 area after breaking 1.21133
Currently inside triangle forming a higher low. Possible breakout to upside for last rejected zone.
Price made new lows. Testing Daily S&R level (Support and Resistance). MFI on all time frames is ovebought and showing bullish divergence on multiple time frames. 30 min candle made an engulfing bullish variation signaling early signs of reversal to upside. Bollinger bands are also squeezing (which means a breakout will occur). Price is at bottom of bollinger...
Price currently made lower highs on higher time frame. Hasn't completely made a new lower low yet. If breaks support look for it to hit around 33618. If breaks above look for price to go to 34000 or possibly trend line.
Yesterday daily candle broke previous HL. Currently in the process of creating a lower low. Price made daily highs during london session. Looking for price to continue down to next support level of 149/148.800.
Currently at Daily S&R level (support & resistance). Retraced to oversold level while creating bullish divergence and a wedge/flag pattern for a sign of reversal. Looking for price to retrace to highs of 153.300 and possibly continue for new monthly highs.
Cuurently oversold on 1H & 4H while at bottom of trendline. Looking for price to break out of triangle and continue up trend.
Inverted Head & Shoulders on 4H. Price is near oversold and showing bullish momentum at Daily S&R (Support & Resistance level). Looking for price to continue uptrend to finish making new monthly highs. Monetary news on the 18th for GBP will most likely be in confluence with the analysis.
Price is near Oversold. Currently near a Daily S&R (Support & Resistance). Entry now before breakout of triangle/pennant. Stop loss 100 pips. TP next S&R level.
Price average is working its way to oversold. Currently Price is at midrange and showing bullish momentum. Entry is at Daily S&R (Support & Resistance level). Stop loss is 100 pips. just in case it tries to reach lower S&R . TP is for second upper S&R at 151.3 since we are near the next S&R level already.
I recant on yesterdays (25th) Analysis. Considering we are in a strong uptrend and triangle isn't a squeeze. It's an ascending Triangle which means it could break for sell or for buy. Fundamentally there was a lot of good news for GBP this london session. Looking for price to now reject and continue upwards towards 143 area.
4H is at top of Trend channel showing a lot of resistance. 4H double top (M) pattern sign of reversal. 4H triangle squeeze at top of trend channel indicating possible breakout of triangle 1H has triangle pattern. Looking for breakout out of pattern 1H Bearish Divergence on MFI.
Once Rising wedge breaks. Looking for possible turning points at these levels
Currently pulling back to Major Support Level. Which falls in line with 4H Fib. Possible Higher Low/retest of support and take off for major move on higher time frame.
Looking for small support level to hold for a move to the upside off bullish engulfing candle. 1st level is 1.33806. 2nd level is 1.34076. Final Level is between 1.33467 and 1.33579. These are Key levels of rejection and breaking points.