SKbabs

SKbabs

Price is at April 2018 supply zone and is showing weakness. We could see a move down to 150.50 demand zone where we bulls may jump back in and resume the uptrend but if that zone fails, price could move to 143.00 demand zone.

SKbabs Updated 

I'll buy if I see bullish price action within the marked OTE zone of 1802 to 1875 range. TP1, TP2 and TP3 targets are marked on the chart.

SKbabs Updated 

Pin bar formed on the daily chart at last year's February 21st resistance zone. This zone is also 61.8 fib retracement level of Jan 2018 to March 2020 range. We could see a sell off from here down to 136.000 and beyond.

SKbabs Updated 

After a break in 4hr market structure to the downside, I'm looking to short between 1840 and 1853 to target 1785 at first, then 1766 and 1700.

SKbabs

Price pulled back to recent demand zone. Went long at 1886 with targets at 1941, 1960 with a slight chance of going to 2013 and 2060.

SKbabs Updated 

Looking to short at 1.3180 area which is 61.8 Fibonacci retracement of 1.3482 to 1.2675 swing. There’s a possibility of price retracing to 78.6 fib level or even back to 1.3482, so will be using a tight stop loss. See additional information on the chart.

SKbabs Updated 

After the last rally, GBPUSD is retracing. Planning to go long again at 78.6 fib retracement to target the recent high.

SKbabs Updated 

I’m still expecting a short around 1.3180 – 1.3200, but before then we have a nice long opportunity. As indicated on the chart there’s a nice confluence of trendline and lows of September 30 and October 7. Watch price action at this area and buy when rejection is confirmed.

SKbabs

The rising wedge pattern as shown on the chart terminates at the monthly descending trend line.Looking to short around 1.3500 (+/- 20 pips) to target 1.2900. A successful break of the trend line invalidates this idea.