Check this area for a Kangaroo tail!
Or an engulfing pattern.
Will possibly be followed by an inside bar before bursting upwards!
If price action follows prediction, a solid
Risk : Reward = 1 : 4 or 1 : 5 possible
Check this area for a Kangaroo tail!
Or an engulfing pattern.
Will possibly be followed by an inside bar before bursting upwards!
If price action follows prediction, a solid
Risk : Reward = 1 : 4 or 1 : 5 possible
Kangaroo tail !!!
Strong hit of a BUY opportunity...
Place buy-order at 1.33700 zone.
Profit target at 1.35342 zone.
Stop loss at 1.32729 level
Risk : Reward = 1 : 1.7
A descending triangle pattern,
followed by a strong resistance zone at 1470.734
There is a big chance of pull back towards triangle zone.
Hold onto your horses until price crosses this zone.
After crossover, a massive BUY opportunity with a 400 pip profit opportunity.
Stop loss around 139.000 zone
Risk : Reward = 1: 2.25
If price breaks below the opening of the day, then the second strong support lies at 1.05000 zone.
A probable take profit target of about 160 pips.
Also, there may be a pull back towards the wedge again, hence a conservative stop loss at 1.07650 zone.
Probable, risk : reward = 1 : 1.691
After a brief Brexit hiatus, GBPUSD is back on the way up.
However, for an initial low risk but good reward ratio, an ascending wedge pattern is under formation in 4Hr chart.
Also a kangaroo tail is under formation on the Daily. Likely move upward on overall trend.
The risk : reward ratio is a good 1 : 1.61
