Market is in an overall uptrend
price resisted closing over 150 after trying 5 times
1h chart shows bearish engulfing as well as red ema crossing blue as a bearish confluence
price previously retested 149.50 as level of support , also structured at 78.6 level on fib
price will retest 149.50 and then head to 151 level this week
GBP USD IS STILL BULLISH IN STRUCTURE
CURRENT IN THE PROCESS OF A BREAK AND RETEST OF OF COUNTER TREND LINE
BULLISH BIG BELT AT KEY LEVEL
PRICE IS IN A PULL BACK AFTER FIRST PUSH UPWARDS
HAMMER PUSHING OFF LEVEL OF S&R
HIGHER LOW CREATED
PRICE SHOULD BREAK TREND AND BASED ON FIB LEVELS, BUYERS SHOULD EXIT IN THE TWO GREEN ZONES, MY...
WE HAVE A BREAK AND RETEST OF DAILY ZONE IN 1.2500 AREA
RECENT COMPLETETION OF HEAD AND SHOULDERS PATTERN WITH FUTHER BURST THRU NECK LINE SIGNALING SELLING PRESSURE
LAST CLOSED CANDLE BULLISH ENGULFING , SHOWING BUYERS ENTERED THE MARKET HEAVY FRIDAY
CURRENT CANDLE SHOWS SELLERS ARE CURRENT PRESENTLY
LAST CANDLE CLOSED SHOWED AN...
The trendlines of a triangle need to run along at least two swing highs and two swing lows.
Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the triangle. Although, this won't always occur.
A long trade is taken if the price breaks above the top of the...