Lets wait for the break of the upwards trend to enter a short trade potential 100+ pips swing trade
After yesterdays predicted drop we could see a rise to the top
we see price at a zone where it has pivoted twice lets wait and see for bearish signs to enter a sell
After price has been crawling up we are waiting for a break of structure to enter a short trade
Seeing a potential inverse head and shoulders a sign of reversal we need a break and close above structure to get in a long trade
currently testing broken level from last week lets see how price responds at the level if bullish will enter a long trade if bearish will not enter
Currently retesting broken trend line lets look for bullish confirmation of reversal pattern before opening a long trade
looking for weakness in buyers to keep price up and previously we saw a big bearish candle hoping for price to break the corrective pattern and shoot to the downside and continue down into the bigger trend which will be updated if it happens
we had a rejection at 4hourly channel resistance on GBPUSD currently we are in a corrective wave lets see if price can break to the downside and give us a short trade currently market conditions have been irregular of some sort make sure risk to reward ratio is in check when taking trade
yesterday i was bearish on this pair but it seems price is not ready to go down will see if we can get a bullish candle to the upside to continue the run up
currently price is retesting the breakout zone and has formed a corrective pattern lets wait for a break and close of structure to get short
price has been crawling upwards indicating buyers are not that confident in keeping price up i believe its bait for retail traders to buy so they can sell lets watch for a bearish candle to break below highlighted structure
we had a third touch of a rising trend but price is at a clear daily resistance level i will be looking to sell at the break of the highlighted support zone
last week we had a sort of double top form now im seeing the beginnings of a possible downtrend lets wait for price to break and close below the highlighted resistance to get short
we see a possible third touch of a correction after a impulse then retrace lets watch fore bullish behavior to open a long trade
after price has been struggling upwards we now see bearish signs forming and price has created key level of support where i will be looking for a break and close below to open up a short trade
will open a long position if price breaks and closes above highlighted level